Omnicom Group Inc (OMC)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,692,200 | 14,499,500 | 14,364,800 | 14,322,100 | 14,289,100 | 14,276,700 | 14,268,300 | 14,272,700 | 14,289,300 | 14,190,500 | 13,962,000 | 13,191,100 | 13,171,100 | 13,555,300 | 13,972,600 | 14,891,700 | 14,953,700 | 14,899,200 | 14,989,700 | 15,129,500 |
| Property, plant and equipment | US$ in thousands | 874,900 | 861,900 | 883,200 | 884,000 | 900,100 | 863,100 | 909,600 | 970,600 | 992,100 | 542,800 | 549,600 | 564,200 | 585,200 | 588,100 | 599,200 | 632,500 | 663,400 | 665,400 | 679,800 | 686,400 |
| Fixed asset turnover | 16.79 | 16.82 | 16.26 | 16.20 | 15.88 | 16.54 | 15.69 | 14.71 | 14.40 | 26.14 | 25.40 | 23.38 | 22.51 | 23.05 | 23.32 | 23.54 | 22.54 | 22.39 | 22.05 | 22.04 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,692,200K ÷ $874,900K
= 16.79
Omnicom Group, Inc.'s fixed asset turnover ratio has been relatively stable over the past 8 quarters, ranging from 14.71 to 16.82. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. With values consistently above 15, Omnicom Group, Inc. is effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover indicates that the company is generating more revenue for each dollar invested in fixed assets. This efficiency in asset utilization can contribute to improved profitability and return on investment for the company. Furthermore, the consistency in the fixed asset turnover ratio over time suggests that Omnicom Group, Inc. has been maintaining a steady level of asset efficiency in its operations.
Peer comparison
Dec 31, 2023