Omnicell Inc (OMCL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20,371 | 5,648 | 77,849 | 32,194 | 61,338 |
| Total assets | US$ in thousands | 2,226,880 | 2,210,760 | 2,142,500 | 1,824,500 | 1,240,810 |
| ROA | -0.91% | 0.26% | 3.63% | 1.76% | 4.94% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-20,371K ÷ $2,226,880K
= -0.91%
Omnicell, Inc.'s return on assets (ROA) has exhibited a declining trend over the past five years. The ROA was negative at -0.91% in 2023, indicating that the company is not effectively generating profits from its assets during that period. This is a significant drop from the ROA of 0.26% in 2022, and a substantial decrease from the ROA figures of 3.63% in 2021, 1.76% in 2020, and 4.94% in 2019.
The decreasing trend in ROA suggests that Omnicell, Inc. may be facing challenges in efficiently utilizing its assets to generate profits. This could be attributed to various factors such as declining profitability, inefficient asset management, or increasing costs relative to revenue. It is crucial for the company to address these issues and improve its ROA to enhance overall financial performance and sustainability.
Peer comparison
Dec 31, 2023