Omnicell Inc (OMCL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -20,371 | -34,404 | -23,183 | -17,565 | 5,648 | 48,037 | 60,580 | 71,935 | 77,849 | 80,245 | 59,733 | 35,010 | 32,194 | 37,912 | 49,090 | 69,365 | 61,338 | 54,036 | 47,681 | 38,293 |
| 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 |
| ROA | -0.91% | -1.55% | -1.06% | -0.78% | 0.26% | 2.20% | 2.84% | 3.39% | 3.63% | 3.91% | 3.05% | 1.86% | 1.76% | 2.21% | 4.02% | 5.63% | 4.94% | 4.34% | 3.98% | 3.25% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-20,371K ÷ $2,226,880K
= -0.91%
Omnicell, Inc.'s return on assets (ROA) has been declining over the past quarters, indicating inefficiency in generating profits from its assets. The negative ROA figures in the recent quarters (-0.91% in Q4 2023, -1.55% in Q3 2023, and -1.06% in Q2 2023) reflect a decrease in the company's ability to generate earnings relative to its total assets. This trend suggests potential operational challenges or poor asset utilization during this period.
Comparing the latest ROA figures to the same period in the previous year, there has been a significant deterioration in performance. The decline from positive ROA values in Q4 2022 (0.26%) to negative values in Q4 2023 indicates a concerning trend of decreasing profitability relative to the company's asset base.
Omnicell, Inc. needs to assess and address the factors contributing to the declining ROA to improve operational efficiency and profitability. This analysis underscores the importance of closely monitoring asset utilization and profitability metrics to support informed decision-making and strategic planning within the organization.
Peer comparison
Dec 31, 2023