Amgen Inc (AMGN)

Operating return on assets (Operating ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 7,258,000 7,897,000 5,335,000 6,005,000 5,794,000
Total assets US$ in thousands 91,839,000 97,154,000 65,121,000 61,165,000 62,948,000
Operating ROA 7.90% 8.13% 8.19% 9.82% 9.20%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $7,258,000K ÷ $91,839,000K
= 7.90%

Amgen Inc's operating return on assets (operating ROA) has shown a slight fluctuation over the past five years. The percentage ranged from 9.20% at December 31, 2020, to 7.90% at December 31, 2024. The declining trend indicates that the company may be experiencing challenges in generating operating profits from its assets efficiently. Further analysis of the company's operating efficiency, asset utilization, and profitability drivers may be necessary to understand the factors contributing to this trend.