Omnicell Inc (OMCL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -34,868 | -2,323 | 89,507 | 35,526 | 78,352 |
| Revenue | US$ in thousands | 1,187,990 | 1,342,310 | 1,144,190 | 925,486 | 945,018 |
| Operating profit margin | -2.94% | -0.17% | 7.82% | 3.84% | 8.29% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-34,868K ÷ $1,187,990K
= -2.94%
Omnicell, Inc.'s operating profit margin has displayed fluctuations over the past five years. The company's operating profit margin was negative in 2023 at -3.04%, indicating that the expenses exceeded the operating income, resulting in a loss in operations. This decline in profitability compared to the previous years may raise concerns about the company's cost management and revenue generation capabilities.
In contrast, in 2021, Omnicell, Inc. achieved a relatively strong operating profit margin of 7.91%, reflecting a healthy balance between revenue and expenses. This positive performance suggests efficient cost control and revenue growth strategies implemented by the company during that period.
The decrease in operating profit margin in 2022 and 2020 compared to 2021 may indicate challenges faced by Omnicell, Inc. in maintaining profitability levels consistently over the years. It is essential for the company to assess and address the factors contributing to these fluctuations to enhance its operational efficiency and financial stability in the long term.
Overall, Omnicell, Inc.'s operating profit margin trend underscores the importance of closely monitoring operational performance and implementing effective financial management strategies to ensure sustainable profitability and long-term growth.
Peer comparison
Dec 31, 2023