Amgen Inc (AMGN)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 6,717,000 6,552,000 5,893,000 7,264,000 7,842,000
Total assets US$ in thousands 97,154,000 65,121,000 61,165,000 62,948,000 59,707,000
ROA 6.91% 10.06% 9.63% 11.54% 13.13%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $6,717,000K ÷ $97,154,000K
= 6.91%

AMGEN Inc.'s return on assets (ROA) has seen a general downward trend over the past five years. The ROA decreased from 13.13% in 2019 to 6.91% in 2023. This decline indicates that the company's ability to generate profits from its assets has weakened. Factors contributing to this trend could include changes in the company's profitability, asset efficiency, or a combination of both. Further investigation into the company's financial performance and operational efficiency may be warranted to understand the underlying reasons for the declining ROA.


Peer comparison

Dec 31, 2023


See also:

Amgen Inc Return on Assets (ROA)