Omnicom Group Inc (OMC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,391,400 | 1,316,500 | 1,407,800 | 945,400 | 1,339,100 |
| Total assets | US$ in thousands | 28,044,600 | 27,002,500 | 28,421,800 | 27,647,200 | 26,783,400 |
| ROA | 4.96% | 4.88% | 4.95% | 3.42% | 5.00% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,391,400K ÷ $28,044,600K
= 4.96%
Omnicom Group, Inc.'s return on assets (ROA) has shown relative stability over the past five years, ranging from 3.42% in 2020 to 5.00% in 2019. In 2023, the ROA slightly increased to 4.96% compared to 4.88% in 2022, reflecting a positive trend. This indicates the company's ability to generate profits from its assets. The consistent ROA figures suggest that Omnicom Group has been effectively utilizing its assets to generate income for shareholders. Overall, the company has maintained a satisfactory level of efficiency in generating returns from its assets over the analyzed period.
Peer comparison
Dec 31, 2023