Omnicell Inc (OMCL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,112,240 | 1,147,110 | 1,295,950 | 1,132,020 | 892,208 |
| Property, plant and equipment | US$ in thousands | — | — | 93,961 | 119,690 | 59,073 |
| Fixed asset turnover | — | — | 13.79 | 9.46 | 15.10 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,112,240K ÷ $—K
= —
Omnicell Inc's fixed asset turnover ratio has shown variability over the years. In 2020, the company achieved a high fixed asset turnover of 15.10, indicating that for each dollar invested in fixed assets, the company generated $15.10 in sales revenue. However, in 2021, the ratio decreased to 9.46, suggesting a decrease in efficiency in utilizing fixed assets to generate sales.
The ratio improved in 2022, reaching 13.79, indicating a better utilization of fixed assets compared to the previous year. Notably, data for 2023 and 2024 are not available, which limits the ability to assess the trend beyond 2022.
Overall, fluctuations in the fixed asset turnover ratio may reflect changes in the company's operational efficiency and asset utilization strategy. It is essential for management to monitor this ratio closely to ensure optimal utilization of fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2024