Stock Analysis on Net
Stock Analysis on Net

Allergan PLC (NYSE:AGN)

This company has been moved to the archive! The financial data has not been updated since May 7, 2020.

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

Allergan PLC, total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net revenues1 ÷ Total assets1
Dec 31, 2019 0.17 = 16,088,900 ÷ 94,699,100
Dec 31, 2018 0.16 = 15,787,400 ÷ 101,787,600
Dec 31, 2017 0.13 = 15,940,700 ÷ 118,341,900
Dec 31, 2016 0.11 = 14,570,600 ÷ 128,986,300
Dec 31, 2015 0.11 = 15,071,000 ÷ 135,840,700
Dec 31, 2014 0.25 = 13,062,300 ÷ 52,529,100
Dec 31, 2013 0.38 = 8,677,600 ÷ 22,725,900
Dec 31, 2012 0.42 = 5,914,900 ÷ 14,103,500
Dec 31, 2011 0.68 = 4,584,400 ÷ 6,698,300
Dec 31, 2010 0.61 = 3,566,900 ÷ 5,827,300
Dec 31, 2009 0.47 = 2,793,000 ÷ 5,992,200
Dec 31, 2008 0.69 = 2,535,501 ÷ 3,677,887
Dec 31, 2007 0.72 = 2,496,651 ÷ 3,472,027
Dec 31, 2006 0.53 = 1,979,244 ÷ 3,760,577
Dec 31, 2005 0.53 = 1,646,203 ÷ 3,080,033

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The analysis of the financial data over the period from 2005 to 2019 reveals distinct trends in net revenues, total assets, and total asset turnover.

Net Revenues
Net revenues show a consistent upward trend throughout the period. Starting at approximately USD 1.65 billion in 2005, revenues steadily increased over the years, surpassing USD 16 billion by 2019. Notable growth phases include a significant rise from 2008 to 2010, accelerating further between 2012 and 2014, with the highest recorded figure reaching nearly USD 16.1 billion in 2019. This progression indicates continuous expansion in sales or service delivery without any significant declines or interruptions.
Total Assets
Total assets also demonstrate substantial growth, but with more volatility. Initially valued at approximately USD 3.08 billion in 2005, total assets experienced fluctuations, with a pronounced rise starting around 2012. The peak occurred in 2015 at approximately USD 136 billion, marking a dramatic increase from previous years. Following this peak, total assets declined steadily but remained significantly higher than the early years, ending near USD 94.7 billion in 2019. This pattern suggests large acquisitions, investments, or revaluations peaking mid-period, followed by asset sales, write-downs, or adjustments reducing the asset base thereafter.
Total Asset Turnover
The total asset turnover ratio, representing the efficiency of asset utilization to generate revenues, exhibits a declining trend. Initially stable around 0.53 from 2005 to 2006, it peaked at 0.72 in 2007 before gradually decreasing. From 2009 onward, the ratio fell sharply, reaching a low of approximately 0.11 during 2014 and 2015, coinciding with the peak in total assets. A slight recovery is observed towards 2019, with the ratio increasing to 0.17. The declining ratio throughout most of the timeline suggests that asset growth outpaced revenue growth, indicating lower efficiency in asset use during the expansion period, which partially improves as assets are reduced later.

Comparison to Competitors

Allergan PLC, total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Allergan PLC AbbVie Inc. Amgen Inc. Bristol-Myers Squibb Co. Danaher Corp. Eli Lilly & Co. Gilead Sciences Inc. Johnson & Johnson Merck & Co. Inc. Pfizer Inc. Regeneron Pharmaceuticals Inc. Thermo Fisher Scientific Inc. Vertex Pharmaceuticals Inc.
Dec 31, 2019 0.17 0.37 0.37 0.20 0.29 0.57 0.36 0.52 0.55 0.31 0.53 0.44 0.50
Dec 31, 2018 0.16 0.55 0.34 0.64 0.42 0.56 0.34 0.53 0.51 0.34 0.57 0.43 0.49
Dec 31, 2017 0.13 0.40 0.27 0.62 0.39 0.51 0.37 0.49 0.46 0.31 0.67 0.37 0.70
Dec 31, 2016 0.11 0.39 0.28 0.58 0.37 0.55 0.53 0.51 0.42 0.31 0.70 0.40 0.59
Dec 31, 2015 0.11 0.43 0.29 0.52 0.43 0.56 0.62 0.53 0.39 0.29 0.73 0.41 0.41
Dec 31, 2014 0.25 0.72 0.28 0.47 0.54 0.53 0.71 0.57 0.43 0.29 0.73 0.39 0.25
Dec 31, 2013 0.38 0.64 0.28 0.42 0.55 0.66 0.48 0.54 0.42 0.30 0.71 0.41 0.52
Dec 31, 2012 0.42 0.68 0.31 0.49 0.55 0.66 0.44 0.55 0.45 0.32 0.66 0.46 0.55
Dec 31, 2011 0.68 — 0.31 0.64 0.54 0.72 0.47 0.57 0.46 0.36 0.34 0.44 0.64
Dec 31, 2010 0.61 — 0.34 0.63 0.59 0.74 0.64 0.60 0.43 0.35 0.42 0.51 0.08
Dec 31, 2009 0.47 — 0.36 0.61 0.57 0.80 0.67 0.65 0.24 0.23 0.51 0.47 0.05
Dec 31, 2008 0.69 — 0.40 0.70 0.73 0.70 0.72 0.75 0.51 0.43 0.36 0.50 0.18
Dec 31, 2007 0.72 — 0.41 0.74 0.63 0.70 0.64 0.75 0.50 0.42 0.13 0.46 0.33
Dec 31, 2006 0.53 — 0.41 0.70 0.75 0.71 0.63 0.76 0.51 0.42 0.11 0.18 0.23
Dec 31, 2005 0.53 — 0.41 0.68 0.87 0.60 0.48 0.87 0.49 0.44 0.16 0.62 0.29

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Allergan PLC, total asset turnover, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel
Allergan PLC Pharmaceuticals, Biotechnology & Life Sciences
Dec 31, 2019 0.17 0.39
Dec 31, 2018 0.16 0.45
Dec 31, 2017 0.13 0.40
Dec 31, 2016 0.11 0.41
Dec 31, 2015 0.11 0.42
Dec 31, 2014 0.25 0.44
Dec 31, 2013 0.38 0.43
Dec 31, 2012 0.42 0.45
Dec 31, 2011 0.68 0.47
Dec 31, 2010 0.61 0.47
Dec 31, 2009 0.47 0.39
Dec 31, 2008 0.69 0.57
Dec 31, 2007 0.72 0.56
Dec 31, 2006 0.53 0.54
Dec 31, 2005 0.53 0.57

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Allergan PLC, total asset turnover, long-term trends, comparison to industry (health care)

Microsoft Excel
Allergan PLC Health Care
Dec 31, 2019 0.17 0.65
Dec 31, 2018 0.16 0.68
Dec 31, 2017 0.13 0.66
Dec 31, 2016 0.11 0.67
Dec 31, 2015 0.11 0.64
Dec 31, 2014 0.25 0.69
Dec 31, 2013 0.38 0.67
Dec 31, 2012 0.42 0.67
Dec 31, 2011 0.68 0.69
Dec 31, 2010 0.61 0.68
Dec 31, 2009 0.47 0.63
Dec 31, 2008 0.69 0.80
Dec 31, 2007 0.72 0.77
Dec 31, 2006 0.53 0.74
Dec 31, 2005 0.53 0.72

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).