Omnicell Inc (OMCL)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -34,868 | -49,860 | -35,107 | -30,370 | -2,323 | 47,623 | 58,550 | 74,981 | 89,507 | 98,132 | 78,892 | 42,985 | 35,526 | 37,494 | 51,988 | 77,742 | 78,352 | 75,100 | 67,949 | 56,520 |
| 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 |
| Operating profit margin | -2.93% | -4.07% | -2.76% | -2.31% | -0.17% | 3.52% | 4.52% | 6.11% | 7.75% | 8.97% | 7.78% | 4.56% | 3.84% | 3.87% | 5.34% | 7.92% | 8.29% | 8.73% | 8.13% | 7.00% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-34,868K ÷ $1,190,083K
= -2.93%
Omnicell, Inc.'s operating profit margin has shown a declining trend over the past quarters. In Q4 2023, the operating profit margin was reported at -3.04%, which indicates that the company's operating expenses exceeded its operating income, resulting in a negative margin. This negative trend continued from the previous quarters, with Q3 2023 at -4.20% and Q2 2023 at -2.84%.
Comparing the current figures to the same period in the previous year, the operating profit margin has significantly decreased. In Q4 2022, Omnicell had an operating profit margin of -0.18%, indicating a deterioration in the company's operational efficiency.
It is essential for the company to closely examine its cost structure and revenue generation to improve its operating profit margin. The consecutive negative margins raise concerns about the company's profitability and long-term sustainability. Investors and stakeholders may closely monitor future financial reports to assess Omnicell's ability to reverse this downward trend and enhance its profitability.
Peer comparison
Dec 31, 2023