Amgen Net Income vs Depreciation And Amortization Analysis
AMGN Stock | USD 314.88 0.34 0.11% |
Amgen financial indicator trend analysis is way more than just evaluating Amgen Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amgen Inc is a good investment. Please check the relationship between Amgen Net Income and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Net Income vs Depreciation And Amortization
Net Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amgen Inc Net Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Amgen's Net Income and Depreciation And Amortization is 0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Amgen Inc, assuming nothing else is changed. The correlation between historical values of Amgen's Net Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Amgen Inc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Income i.e., Amgen's Net Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Amgen Inc financial statement analysis. It represents the amount of money remaining after all of Amgen Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Amgen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amgen Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Amgen's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Tax Provision is likely to grow to about 1.4 B, while Enterprise Value Over EBITDA is likely to drop 11.29.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2B | 1.4B | 2.9B | 3.0B | Depreciation And Amortization | 3.4B | 3.4B | 4.1B | 4.3B |
Amgen fundamental ratios Correlations
Click cells to compare fundamentals
Amgen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Amgen fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 59.7B | 62.9B | 61.2B | 65.1B | 97.2B | 102.0B | |
Short Long Term Debt Total | 29.9B | 33.0B | 33.3B | 38.9B | 64.6B | 67.8B | |
Other Current Liab | 8.5B | 10.1B | 10.7B | 12.5B | 15.4B | 16.1B | |
Total Current Liabilities | 12.8B | 11.7B | 12.2B | 15.7B | 18.4B | 19.3B | |
Total Stockholder Equity | 9.7B | 9.4B | 6.7B | 3.7B | 6.2B | 12.3B | |
Property Plant And Equipment Net | 4.9B | 4.9B | 5.2B | 5.4B | 5.9B | 3.6B | |
Net Debt | 23.9B | 26.7B | 25.3B | 31.3B | 53.7B | 56.4B | |
Retained Earnings | (21.3B) | (21.4B) | (24.6B) | (28.6B) | (26.5B) | (25.2B) | |
Cash | 6.0B | 6.3B | 8.0B | 7.6B | 10.9B | 11.5B | |
Non Current Assets Total | 41.3B | 41.8B | 41.8B | 42.9B | 66.8B | 70.2B | |
Non Currrent Assets Other | 2.2B | 5.6B | 6.5B | 5.9B | 9.6B | 10.1B | |
Cash And Short Term Investments | 8.9B | 10.6B | 8.0B | 9.3B | 10.9B | 10.5B | |
Net Receivables | 4.1B | 4.5B | 4.9B | 5.6B | 7.9B | 8.3B | |
Common Stock Shares Outstanding | 609M | 590M | 573M | 541M | 538M | 759.2M | |
Liabilities And Stockholders Equity | 59.7B | 62.9B | 61.2B | 65.1B | 97.2B | 102.0B | |
Non Current Liabilities Total | 37.2B | 41.9B | 42.3B | 45.8B | 72.5B | 76.2B | |
Other Current Assets | 1.9B | 2.1B | 2.4B | 2.4B | 281M | 267.0M | |
Other Stockholder Equity | (528M) | (985M) | 18.2B | 21.7B | 25.0B | 26.2B | |
Total Liab | 50.0B | 53.5B | 54.5B | 61.5B | 90.9B | 95.5B | |
Property Plant And Equipment Gross | 4.9B | 4.9B | 14.0B | 14.7B | 15.7B | 16.5B | |
Total Current Assets | 18.4B | 21.1B | 19.4B | 22.2B | 30.3B | 15.2B | |
Accumulated Other Comprehensive Income | (528M) | (985M) | (796M) | (231M) | (289M) | (274.6M) | |
Short Term Debt | 3.0B | 91M | 87M | 1.6B | 1.4B | 1.0B | |
Inventory | 3.6B | 3.9B | 4.1B | 4.9B | 9.5B | 10.0B | |
Accounts Payable | 1.4B | 1.4B | 1.4B | 1.6B | 1.6B | 1.7B | |
Common Stock Total Equity | 31.5B | 31.8B | 32.1B | 32.5B | 37.4B | 27.1B | |
Short Term Investments | 2.9B | 4.4B | 48M | 1.7B | 10.9B | 12.2B | |
Capital Stock | 31.5B | 31.8B | 32.1B | 32.5B | 33.1B | 27.5B | |
Common Stock | 31.5B | 31.8B | 32.1B | 32.5B | 33.1B | 27.5B | |
Other Assets | 955M | 1.3B | 6.5B | 2.2B | 2.5B | 1.4B | |
Long Term Debt | 27.0B | 32.9B | 33.2B | 37.4B | 63.2B | 66.3B | |
Property Plant Equipment | 4.9B | 4.9B | 5.2B | 5.4B | 6.2B | 5.3B | |
Good Will | 14.7B | 14.7B | 14.9B | 15.5B | 18.6B | 14.4B | |
Intangible Assets | 19.4B | 16.6B | 15.2B | 16.1B | 32.6B | 34.3B | |
Other Liab | 9.9B | 9.0B | 9.1B | 7.9B | 9.1B | 5.1B | |
Net Tangible Assets | (24.4B) | (21.9B) | (23.4B) | (27.9B) | (25.2B) | (23.9B) | |
Retained Earnings Total Equity | (21.3B) | (21.4B) | (24.6B) | (28.6B) | (25.8B) | (24.5B) | |
Long Term Debt Total | 27.0B | 32.9B | 33.2B | 37.4B | 43.0B | 29.9B | |
Non Current Liabilities Other | 9.6B | 9.0B | 2.5B | 2.7B | 2.3B | 2.2B |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Amgen Inc information on this page should be used as a complementary analysis to other Amgen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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Is Amgen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amgen. If investors know Amgen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amgen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Dividend Share 8.64 | Earnings Share 7 | Revenue Per Share 55.148 | Quarterly Revenue Growth 0.22 |
The market value of Amgen Inc is measured differently than its book value, which is the value of Amgen that is recorded on the company's balance sheet. Investors also form their own opinion of Amgen's value that differs from its market value or its book value, called intrinsic value, which is Amgen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amgen's market value can be influenced by many factors that don't directly affect Amgen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amgen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amgen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amgen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.