Omnicell Inc (OMCL)
Total 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 |
| Total assets | US$ in thousands | 2,226,880 | 2,221,580 | 2,193,870 | 2,250,840 | 2,210,760 | 2,179,680 | 2,131,460 | 2,122,590 | 2,142,500 | 2,051,470 | 1,960,990 | 1,886,620 | 1,824,500 | 1,719,280 | 1,222,450 | 1,231,650 | 1,240,810 | 1,244,270 | 1,196,980 | 1,177,060 |
| Total asset turnover | 0.53 | 0.55 | 0.58 | 0.58 | 0.61 | 0.62 | 0.61 | 0.58 | 0.54 | 0.53 | 0.52 | 0.50 | 0.51 | 0.56 | 0.80 | 0.80 | 0.76 | 0.69 | 0.70 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,190,083K ÷ $2,226,880K
= 0.53
Omnicell, Inc.'s total asset turnover has shown a slight decrease from 0.59 in Q4 2022 to 0.52 in Q4 2023. This indicates that the company generated $0.52 in revenue for every dollar of assets during the most recent quarter. The trend over the past year has been relatively stable, ranging from 0.52 to 0.60, suggesting consistent efficiency in utilizing its assets to generate sales. A total asset turnover ratio below 1 may indicate that the company is not effectively utilizing its assets to generate revenues. However, it is important to consider industry norms and compare Omnicell's total asset turnover with its competitors to gain further insights into its asset utilization efficiency.
Peer comparison
Dec 31, 2023