Omnicell Inc (OMCL)
Fixed 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 | 1,190,083 | 1,226,542 | 1,272,662 | 1,315,183 | 1,344,391 | 1,353,971 | 1,296,691 | 1,226,490 | 1,155,217 | 1,093,879 | 1,013,703 | 942,467 | 926,289 | 968,427 | 974,187 | 981,817 | 945,018 | 860,485 | 835,947 | 807,207 |
| Property, plant and equipment | US$ in thousands | 108,601 | 106,880 | 103,212 | 98,373 | 93,961 | 88,356 | 81,834 | 77,062 | 71,141 | 64,955 | 62,323 | 60,538 | 59,073 | 57,559 | 57,866 | 52,997 | 54,246 | 54,877 | 52,847 | 52,039 |
| Fixed asset turnover | 10.96 | 11.48 | 12.33 | 13.37 | 14.31 | 15.32 | 15.85 | 15.92 | 16.24 | 16.84 | 16.27 | 15.57 | 15.68 | 16.82 | 16.84 | 18.53 | 17.42 | 15.68 | 15.82 | 15.51 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,190,083K ÷ $108,601K
= 10.96
Omnicell, Inc.'s fixed asset turnover has shown a downward trend over the past eight quarters, decreasing from 15.56 in Q1 2022 to 10.56 in Q4 2023. This ratio indicates that the company generates $10.56 in revenue for every dollar invested in fixed assets during the latest quarter.
The declining trend in fixed asset turnover may suggest inefficiencies in the utilization of fixed assets or a decrease in productivity. It could indicate that Omnicell is not effectively generating sales from its investments in property, plant, and equipment.
Further analysis and comparison with industry peers are recommended to understand the reasons behind the decreasing fixed asset turnover and to identify potential areas for improvement in asset management and operational efficiency.
Peer comparison
Dec 31, 2023