Amgen Inc (AMGN)
Total 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 |
| Total assets | US$ in thousands | 91,839,000 | 97,154,000 | 65,121,000 | 61,165,000 | 62,948,000 |
| Total asset turnover | 0.36 | 0.29 | 0.40 | 0.42 | 0.40 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,424,000K ÷ $91,839,000K
= 0.36
The total asset turnover ratio for Amgen Inc has shown varying trends over the last five years. In 2020, the ratio was 0.40, indicating that the company generated $0.40 in revenue for every dollar of assets it possessed. The ratio increased slightly to 0.42 in 2021, suggesting a more efficient utilization of assets to generate revenue.
However, in 2022, the total asset turnover ratio dropped back to 0.40, showing a potential decrease in asset efficiency compared to the prior year. Subsequently, in 2023, the ratio notably decreased to 0.29, signaling a significant decline in asset turnover efficiency.
Nevertheless, in 2024, the total asset turnover ratio improved to 0.36, suggesting a partial recovery in asset efficiency compared to the previous year, but still below the levels seen in 2021.
Overall, the fluctuations in Amgen Inc's total asset turnover ratio indicate potential shifts in the company's asset management and revenue generation strategies, highlighting the importance of monitoring changes in asset efficiency over time.
Peer comparison
Dec 31, 2024