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Amgen Inc (NAS:AMGN)
Total Assets
$77,862 Mil (As of Mar. 2017)

Amgen Inc's total assets for the quarter that ended in Mar. 2017 was $77,862 Mil.

During the past 12 months, Amgen Inc's average Total Assets Growth Rate was -2.30% per year. During the past 3 years, the average Total Assets Growth Rate was -5.40% per year. During the past 5 years, the average Total Assets Growth Rate was 7.20% per year. During the past 10 years, the average Total Assets Growth Rate was 5.60% per year.

During the past 13 years, Amgen Inc's highest 3-Year average Total Assets Growth Rate was 93.20%. The lowest was -5.40%. And the median was 13.60%.

Total Assets is connected with Return on Assets (ROA). Amgen Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2017 was 10.66%. Total Assets is also linked to revenue through asset turnover. Amgen Inc's asset turnover for the quarter that ended in Mar. 2017 was 0.07.


Definition

Total assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder’s paid in capital and retained earnings of the business. Others are funded through borrowed money.

Amgen Inc's Total Assets for the fiscal year that ended in Dec. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=46010+(4961+25030+1625)
=77,626

Total Assets=Total Shareholder’s Equity (A: Dec. 2016 )+Total Liabilities (A: Dec. 2016 )
=29875+47751
=77,626

Amgen Inc's Total Assets for the quarter that ended in Mar. 2017 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=46456+(4960+24679+1767)
=77,862

Total Assets=Total Shareholder’s Equity (Q: Mar. 2017 )+Total Liabilities (Q: Mar. 2017 )
=30637+47225
=77,862

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

Amgen Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2017 is

ROA=Net Income (Q: Mar. 2017 )/( (Total Assets (Q: Dec. 2016 )+Total Assets (Q: Mar. 2017 ))/ 2 )
=8284/( (77626+77862)/ 2 )
=8284/77744
=10.66 %

Note: The Net Income data used here is four times the quarterly (Mar. 2017) net income data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Amgen Inc's Asset Turnover for the quarter that ended in Mar. 2017 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Mar. 2017 )/( (Total Assets (Q: Dec. 2016 )+Total Assets (Q: Mar. 2017 ))/ 2 )
=5464/( (77626+77862)/ 2 )
=5464/77744
=0.07

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Amgen Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Total Assets 34,63936,44339,62943,48648,87154,29866,12569,00971,44977,626

Amgen Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Total Assets 69,00968,95271,20971,86971,44975,11675,47178,15077,62677,862
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