Omnicom Group Inc (OMC)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,472,300 | 12,779,000 | 12,205,800 | 12,091,500 | 11,854,100 |
| Inventory | US$ in thousands | 1,622,200 | 1,342,500 | 1,254,600 | 1,201,000 | 1,101,200 |
| Inventory turnover | 8.30 | 9.52 | 9.73 | 10.07 | 10.76 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $13,472,300K ÷ $1,622,200K
= 8.30
Omnicom Group Inc's inventory turnover has shown a slight decrease over the past few years. As of December 31, 2020, the inventory turnover stood at 10.76, indicating that the company sold and replaced its inventory approximately 10.76 times during that year. However, by December 31, 2024, the inventory turnover had decreased to 8.30. This downward trend suggests that Omnicom Group Inc may be taking longer to sell its inventory or managing its inventory less efficiently. Overall, a decreasing trend in inventory turnover may indicate potential issues with inventory management or declining demand for the company's products.
Peer comparison
Dec 31, 2024