Analysis of Geographic Areas
Amgen Inc. operates in 2 regions: United States and Rest of world (ROW).
Area Asset Turnover
Amgen Inc., asset turnover by geographic area
| 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
| 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
| 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
| 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
| 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).