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

Company name
Symbol
Working capital turnover
Omnicom Group Inc
OMC
Interpublic Group of Companies Inc
IPG
17.58