Omnicom Group Inc (OMC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,779,000 | 12,205,800 | 12,091,500 | 11,854,100 | 12,831,400 |
| Inventory | US$ in thousands | 1,342,500 | 1,254,600 | 1,201,000 | 1,101,200 | 1,257,600 |
| Inventory turnover | 9.52 | 9.73 | 10.07 | 10.76 | 10.20 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $12,779,000K ÷ $1,342,500K
= 9.52
The inventory turnover ratio for Omnicom Group, Inc. has been consistently reported as 0.00 for the past five years, specifically for the years ending December 31, 2019, 2020, 2021, 2022, and 2023. This indicates that the company's inventory turnover has not been calculated or that the result is extremely low, suggesting that the company may be carrying a significant amount of inventory relative to its sales. An inventory turnover ratio of 0.00 may imply inefficiencies in managing inventory levels, potential overstocking, or difficulties in converting inventory into sales. Further analysis of the company's inventory management practices and strategies may be needed to address potential operational inefficiencies and optimize working capital utilization.
Peer comparison
Dec 31, 2023