Omnicell Inc (OMCL)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 12,531 | -17,686 | -20,763 | -21,047 | -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 |
| Total assets | US$ in thousands | 2,120,960 | 2,303,590 | 2,291,660 | 2,283,760 | 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 |
| ROA | 0.59% | -0.77% | -0.91% | -0.92% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $12,531K ÷ $2,120,960K
= 0.59%
Omnicell Inc's return on assets (ROA) has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the ROA stood at 5.63% in March 2020, indicating a healthy return relative to its assets. However, the ROA gradually declined to 0.26% by December 2022, reflecting a diminishing ability to generate profits from its assets efficiently.
Subsequently, the ROA turned negative in the following periods, indicating that Omnicell Inc's assets were not generating sufficient returns to cover its expenses and liabilities. The ROA reached its lowest point in September 30, 2023, at -1.55%, signifying a significant challenge in asset utilization efficiency.
However, there was a slight improvement in the ROA from the negative territory towards the end of the period under review. By December 31, 2024, the ROA had recovered to 0.59%, although it remained below the levels seen in the earlier years.
Overall, Omnicell Inc's ROA experienced a downward trend, indicating potential inefficiencies in utilizing its assets to generate profits, posing a concern for investors and stakeholders regarding the company's operational performance and financial health.
Peer comparison
Dec 31, 2024