Omnicom Group Inc (OMC)
Payables 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 |
| Payables | US$ in thousands | 11,634,000 | 9,601,100 | 9,948,800 | 9,585,200 | 11,000,200 | 9,027,800 | 9,553,400 | 9,899,600 | 11,897,200 | 9,953,800 | 9,988,500 | 9,465,800 | 11,513,000 | 8,572,700 | 7,919,500 | 9,387,200 | 11,768,400 | 9,439,600 | 10,445,900 | 10,342,900 |
| Payables turnover | 1.11 | 1.32 | 1.26 | 1.30 | 1.11 | 1.35 | 1.28 | 1.23 | 1.02 | 1.21 | 1.18 | 1.25 | 1.03 | 1.42 | 1.60 | 1.36 | 1.09 | 1.37 | 1.26 | 1.28 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,879,400K ÷ $11,634,000K
= 1.11
The payables turnover ratio for Omnicom Group, Inc. has been consistently reported as 0.00 across all quarters in the provided data. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during these periods. This may suggest that Omnicom Group, Inc. is not utilizing its trade credit efficiently or may have extended payment terms with its suppliers, leading to a lower turnover of payables. Further analysis and investigation into the company's payables management practices and relationships with suppliers are recommended to understand the reasons behind the consistently low payables turnover ratio.
Peer comparison
Dec 31, 2023