Omnicom Group Inc (OMC)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,692,200 | 14,289,100 | 14,289,400 | 13,171,100 | 14,953,700 |
| Total current assets | US$ in thousands | 15,384,200 | 14,613,000 | 15,909,500 | 15,590,100 | 14,584,700 |
| Total current liabilities | US$ in thousands | 16,246,000 | 15,052,800 | 16,226,200 | 15,525,100 | 15,980,900 |
| Working capital turnover | — | — | — | 202.63 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,692,200K ÷ ($15,384,200K – $16,246,000K)
= —
Based on the provided data, the working capital turnover for Omnicom Group, Inc. was not available for the years 2023, 2022, and 2021. However, in 2020, the working capital turnover ratio was observed to be 202.63, indicating that the company effectively utilized its working capital to generate revenue during that period. The absence of data for other years limits the ability to assess the trend and compare the efficiency of working capital management across multiple periods. To gain a more comprehensive understanding of Omnicom Group's performance in utilizing its working capital, it would be necessary to obtain data for additional years or conduct further analysis using supplementary financial information.
Peer comparison
Dec 31, 2023