Omnicom Group Inc (OMC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,689,100 | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 |
| Total assets | US$ in thousands | 29,620,700 | 28,044,600 | 27,002,500 | 28,421,800 | 27,647,200 |
| Total asset turnover | 0.53 | 0.52 | 0.53 | 0.50 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,689,100K ÷ $29,620,700K
= 0.53
Omnicom Group Inc's total asset turnover has shown a moderate improvement over the past five years. The ratio increased from 0.48 in December 2020 to 0.53 in December 2022, indicating that the company generated $0.53 in revenue for every dollar of assets. However, there was a slight dip to 0.52 in December 2023 before returning to 0.53 in December 2024.
The trend suggests that Omnicom has been effectively utilizing its assets to generate revenue, although there was a small fluctuation in 2023. A total asset turnover ratio above 1 would indicate that the company is generating more revenue than the value of its assets, while a ratio below 1 suggests that the company may not be efficiently utilizing its assets. Overall, Omnicom's total asset turnover reflects a steady performance in leveraging its asset base to generate sales.
Peer comparison
Dec 31, 2024