Stock Analysis on Net

Amgen Inc. (NASDAQ:AMGN)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Amgen Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 5.41 5.90 6.50 7.48 7.08
Rest of world (ROW) 3.67 3.40 3.27 2.87 2.46

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Rest of world (ROW) Rest of world (ROW) area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: United States

Amgen Inc.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 19,806 18,595 18,194 18,496 17,224
Property, plant and equipment, net (long-lived assets) 3,658 3,154 2,801 2,473 2,433
Area Activity Ratio
Area asset turnover1 5.41 5.90 6.50 7.48 7.08

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net (long-lived assets)
= 19,806 ÷ 3,658 = 5.41

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Rest of world (ROW)

Amgen Inc.; Rest of world (ROW); area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 8,384 7,728 7,785 6,928 6,138
Property, plant and equipment, net (long-lived assets) 2,283 2,273 2,383 2,416 2,495
Area Activity Ratio
Area asset turnover1 3.67 3.40 3.27 2.87 2.46

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net (long-lived assets)
= 8,384 ÷ 2,283 = 3.67

Area activity ratio Geographic area The company
Area asset turnover Rest of world (ROW) Rest of world (ROW) area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Revenues

Amgen Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 19,806 18,595 18,194 18,496 17,224
Rest of world (ROW) 8,384 7,728 7,785 6,928 6,138
Total 28,190 26,323 25,979 25,424 23,362

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Property, plant and equipment, net (long-lived assets)

Amgen Inc., property, plant and equipment, net (long-lived assets) by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 3,658 3,154 2,801 2,473 2,433
Rest of world (ROW) 2,283 2,273 2,383 2,416 2,495
Total 5,941 5,427 5,184 4,889 4,928

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).