Omnicell Inc (OMCL)
Operating return on assets (Operating ROA)
| 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 |
| 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 |
| Operating ROA | -1.57% | -2.24% | -1.60% | -1.35% | -0.11% | 2.18% | 2.75% | 3.53% | 4.18% | 4.78% | 4.02% | 2.28% | 1.95% | 2.18% | 4.25% | 6.31% | 6.31% | 6.04% | 5.68% | 4.80% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-34,868K ÷ $2,226,880K
= -1.57%
Omnicell, Inc.'s operating return on assets (ROA) has exhibited fluctuations over the past eight quarters. The operating ROA was negative in the last four quarters, with an average of -1.69%. This indicates that the company's operating income generated from its assets was insufficient to cover the asset base during these periods.
Furthermore, the trend shows a deteriorating operating ROA performance from Q1 2022 to Q4 2023, with a noticeable decrease in each subsequent quarter. This suggests possible inefficiencies in the utilization of assets or a decline in the operating income generated by the assets over time.
It is also noteworthy that Omnicell experienced a significant decline in operating ROA from positive values in Q2 and Q3 of 2022 to negative values in 2023. This shift raises concerns about the company's operational efficiency and profitability.
Overall, the decreasing trend in Omnicell's operating ROA indicates a potential need for the company to reassess its asset management strategies and operational efficiency to improve its financial performance in the future.
Peer comparison
Dec 31, 2023