Owens & Minor Inc (OMI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Property, plant and equipment | US$ in thousands | 535,495 | 1,018,360 | 642,839 | 592,566 | 315,427 |
| Fixed asset turnover | 19.30 | 9.78 | 15.22 | 14.31 | 29.20 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,334,000K ÷ $535,495K
= 19.30
Owens & Minor, Inc.'s fixed asset turnover ratio has exhibited fluctuations over the past five years. The ratio measures the company's ability to generate revenue relative to its investment in fixed assets.
In 2023, the fixed asset turnover was at 19.00, indicating that the company generated $19 in revenue for every dollar invested in fixed assets. This represents an improvement from the previous year, suggesting better efficiency in asset utilization.
Comparing to historical data, the fixed asset turnover ratio was relatively high in 2021 at 30.85 but decreased in the following years. This may imply changes in the company's operations or asset base during these periods.
Overall, the trend in fixed asset turnover suggests that Owens & Minor, Inc. has shown varying levels of efficiency in generating revenue from its fixed assets over the years, with notable fluctuations in performance. Further analysis and understanding of the underlying factors driving these changes would be necessary to assess the company's asset utilization efficiency accurately.
Peer comparison
Dec 31, 2023