Omnicell Inc (OMCL)
Total 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 |
| Total assets | US$ in thousands | 2,120,960 | 2,226,880 | 2,210,760 | 2,142,500 | 1,824,500 |
| Total asset turnover | 0.52 | 0.52 | 0.59 | 0.53 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,112,240K ÷ $2,120,960K
= 0.52
Omnicell Inc's total asset turnover has shown a fluctuating trend over the years based on the provided data. In December 31, 2020, the total asset turnover was 0.49, indicating that the company generated $0.49 in revenue for every $1 of assets. Subsequently, there was an increase in total asset turnover to 0.53 by December 31, 2021, suggesting an improvement in efficiency in generating revenue from assets.
By December 31, 2022, the total asset turnover further improved to 0.59, reflecting an even more efficient utilization of assets to generate revenue. However, there was a slight decline in the ratio to 0.52 by December 31, 2023, which may indicate a decrease in the company's ability to generate revenue from its assets.
The total asset turnover remained stable at 0.52 by December 31, 2024, consistent with the previous year. Overall, while Omnicell Inc has experienced fluctuations in total asset turnover, it is important for the company to focus on maintaining or improving this ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2024