Omnicom Group Inc (OMC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,689,100 | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 |
| Property, plant and equipment | US$ in thousands | 824,700 | 874,900 | 900,100 | 992,100 | 585,200 |
| Fixed asset turnover | 19.02 | 16.79 | 15.88 | 14.40 | 22.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,689,100K ÷ $824,700K
= 19.02
Omnicom Group Inc's fixed asset turnover has shown a fluctuating trend over the years. It was 22.51 in December 31, 2020, which indicates that the company generated $22.51 of revenue for every dollar invested in fixed assets during that period. However, there was a decrease in this ratio to 14.40 by December 31, 2021, signifying a less efficient utilization of fixed assets to generate revenue.
Subsequently, there was an improvement in the fixed asset turnover to 15.88 by December 31, 2022, showing that the company was able to enhance its efficiency in generating revenue from fixed assets. This positive trend continued with further improvement to 16.79 by December 31, 2023, and a subsequent increase to 19.02 by December 31, 2024.
Overall, the trend indicates varying levels of efficiency in utilizing fixed assets to generate revenue, with fluctuations in performance. It is important for Omnicom Group Inc to closely monitor and manage its fixed asset turnover to ensure optimal utilization of assets for revenue generation.
Peer comparison
Dec 31, 2024