Amgen Inc (AMGN)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,090,000 | 4,230,000 | 3,130,000 | 3,763,000 | 6,717,000 | 7,566,000 | 7,979,000 | 7,917,000 | 6,552,000 | 6,835,000 | 6,576,000 | 5,723,000 | 5,893,000 | 5,609,000 | 5,746,000 | 7,085,000 | 7,264,000 | 7,352,000 | 7,299,000 | 7,675,000 |
| 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 |
| ROA | 4.45% | 4.65% | 3.44% | 4.05% | 6.91% | 8.36% | 8.84% | 8.92% | 10.06% | 10.73% | 11.09% | 9.67% | 9.63% | 8.63% | 9.61% | 11.33% | 11.54% | 11.37% | 11.23% | 12.45% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,090,000K ÷ $91,839,000K
= 4.45%
Amgen Inc's return on assets (ROA) has displayed some variability over the past few years. The ROA was relatively stable around the 11% range from March 2020 to March 2021 before experiencing a decline to 9.61% by June 2021 and further dropping to 8.63% by September 2021. The ROA slightly rebounded to 9.63% by December 2021.
Throughout 2022 and the first half of 2023, the ROA continued to fluctuate within the range of 8.36% to 11.09%. However, there was a notable decline in ROA in the second half of 2023, reaching 6.91% by December 2023. This downward trend persisted into 2024, with the ROA declining further to 4.05% by March 2024, and reaching its lowest point at 3.44% by June 2024.
Although there was a slight uptick in ROA to 4.65% by September 2024 and 4.45% by December 2024, the overall trend indicates a decline in the return on assets for Amgen Inc. These decreasing ROA figures suggest a declining efficiency in generating profits from its assets, and Amgen may need to analyze and address the underlying factors contributing to this trend to improve its profitability in the future.
Peer comparison
Dec 31, 2024