Omnicom Group Inc (OMC)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,692,200 | 14,499,500 | 14,364,800 | 14,322,100 | 14,289,100 | 14,276,700 | 14,268,300 | 14,272,700 | 14,289,300 | 14,190,500 | 13,962,000 | 13,191,100 | 13,171,100 | 13,555,300 | 13,972,600 | 14,891,700 | 14,953,700 | 14,899,200 | 14,989,700 | 15,129,500 |
| Total assets | US$ in thousands | 28,044,600 | 25,010,800 | 25,067,600 | 25,237,600 | 27,002,500 | 24,132,200 | 24,905,500 | 26,145,700 | 28,421,800 | 25,580,800 | 25,654,400 | 25,614,300 | 27,647,200 | 23,779,500 | 22,641,100 | 23,675,900 | 26,783,400 | 23,653,500 | 25,042,100 | 25,211,200 |
| Total asset turnover | 0.52 | 0.58 | 0.57 | 0.57 | 0.53 | 0.59 | 0.57 | 0.55 | 0.50 | 0.55 | 0.54 | 0.51 | 0.48 | 0.57 | 0.62 | 0.63 | 0.56 | 0.63 | 0.60 | 0.60 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,692,200K ÷ $28,044,600K
= 0.52
Omnicom Group, Inc. has shown varying levels of total asset turnover in the recent quarters. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets.
In Q4 2023, the total asset turnover was 0.52, indicating that the company generated $0.52 in sales for every dollar of total assets. This ratio slightly decreased compared to the previous quarter (Q3 2023) when it was 0.58.
Looking at the trend over the past eight quarters, the total asset turnover has fluctuated between 0.52 and 0.59. The quarterly values have generally been in the range of 0.55 to 0.59, with occasional dips to 0.52 as seen in Q4 2023.
Overall, the trend indicates that Omnicom Group, Inc. has been relatively stable in terms of efficiently utilizing its total assets to generate sales revenue. However, the company may need to focus on improving this ratio to increase the efficiency of asset utilization and potentially boost its profitability.
Peer comparison
Dec 31, 2023