Amgen Inc (AMGN)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,424,000 | 32,534,000 | 30,934,000 | 29,532,000 | 28,190,000 | 26,833,000 | 26,582,000 | 26,190,000 | 26,323,000 | 26,330,000 | 26,384,000 | 26,316,000 | 25,979,000 | 25,767,000 | 25,484,000 | 25,164,000 | 25,424,000 | 24,987,000 | 24,301,000 | 23,966,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 5,532,000 | 5,460,000 | 5,427,000 | 5,188,000 | 5,158,000 | 5,142,000 | 5,184,000 | 4,982,000 | 4,906,000 | 4,855,000 | 4,889,000 | 4,816,000 | 4,843,000 | 4,879,000 |
| Fixed asset turnover | — | — | — | — | — | — | 4.81 | 4.80 | 4.85 | 5.08 | 5.12 | 5.12 | 5.01 | 5.17 | 5.19 | 5.18 | 5.20 | 5.19 | 5.02 | 4.91 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $33,424,000K ÷ $—K
= —
Amgen Inc's fixed asset turnover ratio has shown a generally upward trend from March 31, 2020, to June 30, 2022, with ratios ranging from 4.91 to 5.19. This indicates that the company has been efficient in generating revenue relative to its investment in fixed assets during this period.
However, there was a slight decrease in the ratio from June 30, 2022, to December 31, 2022, which further declined to 4.80 by March 31, 2023. This decrease suggests that the company may not be generating revenue as efficiently from its fixed assets during these periods.
From March 31, 2023, onwards, the fixed asset turnover ratio remained stagnant at around 4.80 to 5.12 up to June 30, 2023. The data for September 30, 2023, and subsequent periods is not available (indicated as "—"), possibly due to delays in reporting or data collection.
Overall, the fluctuations in Amgen Inc's fixed asset turnover ratio reflect changes in the company's operational efficiency in utilizing its fixed assets to generate revenue. It would be important to monitor future updates to assess whether the company is able to maintain or improve its efficiency in this aspect.
Peer comparison
Dec 31, 2024