Amgen Inc (AMGN)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 33,424,000 28,190,000 26,323,000 25,979,000 25,424,000
Property, plant and equipment US$ in thousands 5,427,000 5,184,000 4,889,000
Fixed asset turnover 4.85 5.01 5.20

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $33,424,000K ÷ $—K
= —

Fixed asset turnover measures the efficiency with which a company generates revenue from its investment in fixed assets. In the case of Amgen Inc, the fixed asset turnover ratio has shown a declining trend from 5.20 in December 2020 to 5.01 in December 2021 and further to 4.85 in December 2022. This may indicate that the company's ability to generate sales from its fixed assets has slightly weakened over the years. The absence of data for December 2023 and December 2024 makes it challenging to assess the trend accurately for those periods. Overall, Amgen Inc should closely monitor its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and to enhance operational efficiency.


See also:

Amgen Inc Net Fixed Asset Turnover