Omnicom Group Inc (OMC)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,879,400 | 12,690,700 | 12,570,800 | 12,464,900 | 12,205,800 | 12,213,600 | 12,209,600 | 12,187,200 | 12,091,400 | 12,004,300 | 11,816,000 | 11,828,900 | 11,858,000 | 12,206,600 | 12,652,000 | 12,782,000 | 12,831,400 | 12,945,500 | 13,156,400 | 13,287,600 |
| Inventory | US$ in thousands | 1,342,500 | 1,617,500 | 1,638,000 | 1,508,900 | 1,254,600 | 1,362,600 | 1,235,900 | 1,316,800 | 1,201,000 | 1,249,600 | 1,117,600 | 1,138,700 | 1,101,200 | 1,174,400 | 1,158,600 | 1,313,200 | 1,257,600 | 1,427,900 | 1,363,500 | 1,314,400 |
| Inventory turnover | 9.59 | 7.85 | 7.67 | 8.26 | 9.73 | 8.96 | 9.88 | 9.26 | 10.07 | 9.61 | 10.57 | 10.39 | 10.77 | 10.39 | 10.92 | 9.73 | 10.20 | 9.07 | 9.65 | 10.11 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,879,400K ÷ $1,342,500K
= 9.59
The inventory turnover ratio for Omnicom Group, Inc. has been consistently 0.00 in all quarters for the past two years. This indicates that the company is not efficiently managing its inventory levels. A low or zero inventory turnover ratio can suggest overstocking, obsolete inventory, or inefficient sales strategies. Omnicom Group should investigate its inventory management practices to improve efficiency and reduce carrying costs associated with excess inventory.
Peer comparison
Dec 31, 2023
Dec 31, 2023
Company name
Symbol
Inventory turnover
Omnicom Group Inc
OMC
9.59
Interpublic Group of Companies Inc
IPG
5.30