Amgen Inc (AMGN)
Total 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 |
| Total assets | US$ in thousands | 91,839,000 | 90,883,000 | 90,907,000 | 92,980,000 | 97,154,000 | 90,534,000 | 90,269,000 | 88,720,000 | 65,121,000 | 63,700,000 | 59,294,000 | 59,196,000 | 61,165,000 | 64,993,000 | 59,773,000 | 62,539,000 | 62,948,000 | 64,637,000 | 65,011,000 | 61,669,000 |
| Total asset turnover | 0.36 | 0.36 | 0.34 | 0.32 | 0.29 | 0.30 | 0.29 | 0.30 | 0.40 | 0.41 | 0.44 | 0.44 | 0.42 | 0.40 | 0.43 | 0.40 | 0.40 | 0.39 | 0.37 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,424,000K ÷ $91,839,000K
= 0.36
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. A higher total asset turnover indicates that a company is able to efficiently utilize its assets to generate revenue.
Analyzing the data provided for Amgen Inc, we observe that the total asset turnover fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 0.29 in June 30, 2023, to a high of 0.44 in March 31, 2022, and June 30, 2022.
Overall, the trend in total asset turnover for Amgen Inc shows some variability, with a slight increase towards the end of the period. It is important to note that a low total asset turnover may indicate inefficiencies in asset utilization, while a high ratio suggests effective management of assets to generate sales.
Further analysis and comparison with industry peers or historical data would provide more insights into Amgen Inc's asset utilization efficiency and overall operational performance.
Peer comparison
Dec 31, 2024