AbbVie Inc (ABBV)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,863,000 | 6,514,000 | 8,685,000 | 7,585,000 | 11,836,000 | 13,407,000 | 12,637,000 | 12,479,000 | 11,542,000 | 7,534,000 | 6,663,000 | 5,159,000 | 4,616,000 | 7,381,000 | 6,957,000 | 8,436,000 | 7,882,000 | 3,255,000 | 4,118,000 | 5,360,000 |
| Total assets | US$ in thousands | 134,711,000 | 136,221,000 | 135,367,000 | 134,544,000 | 138,805,000 | 141,325,000 | 143,186,000 | 143,211,000 | 146,529,000 | 148,858,000 | 147,972,000 | 150,501,000 | 150,565,000 | 149,621,000 | 149,530,000 | 91,199,000 | 89,115,000 | 59,441,000 | 57,142,000 | 56,769,000 |
| ROA | 3.61% | 4.78% | 6.42% | 5.64% | 8.53% | 9.49% | 8.83% | 8.71% | 7.88% | 5.06% | 4.50% | 3.43% | 3.07% | 4.93% | 4.65% | 9.25% | 8.84% | 5.48% | 7.21% | 9.44% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,863,000K ÷ $134,711,000K
= 3.61%
Analyzing Abbvie Inc's return on assets (ROA) over the past eight quarters reveals fluctuations in the company's efficiency in generating profits from its assets. ROA peaked at 9.44% in Q3 2022 and has experienced a gradual decline since then. In the most recent quarter, Q4 2023, ROA stands at 3.58%, marking a significant decrease from the previous quarter's 4.76%. Despite this decline, the company's ROA levels remain above 3% consistently, indicating that Abbvie Inc continues to effectively utilize its assets to generate profits, albeit with some volatility in performance. Further analysis is recommended to understand the underlying factors impacting the company's ROA trend and to assess its long-term sustainability.
Peer comparison
Dec 31, 2023