Owens & Minor Inc (OMI)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,700,880 | 10,660,960 | 10,531,580 | 10,423,800 | 10,333,970 | 10,228,930 | 10,134,590 | 10,071,380 | 9,955,480 | 9,871,520 | 9,876,300 | 9,865,740 | 9,785,320 | 9,680,010 | 9,365,760 | 8,684,020 | 8,480,180 | 8,308,980 | 8,520,070 | 9,196,550 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 840,683 | 852,317 | 846,470 | 858,934 | 851,632 | 874,179 | 864,873 | 511,241 | 493,017 | 481,463 | 463,004 | 460,417 | 301,299 | 297,033 | 301,335 |
| Fixed asset turnover | — | — | — | — | — | 12.17 | 11.89 | 11.90 | 11.59 | 11.59 | 11.30 | 11.41 | 19.14 | 19.63 | 19.45 | 18.76 | 18.42 | 27.58 | 28.68 | 30.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,700,880K ÷ $—K
= —
Owens & Minor Inc's fixed asset turnover ratio has shown a declining trend over the past few years based on the provided data.
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate sales revenue. A higher ratio indicates that the company is more efficient in utilizing its fixed assets to generate revenue.
In the period from March 31, 2020, to September 30, 2021, the fixed asset turnover ratio remained relatively high, ranging from 18.42 to 30.52. This indicates that Owens & Minor was effectively using its fixed assets to generate sales during this period.
However, from March 31, 2022, onwards, the fixed asset turnover ratio started to decline steadily, reaching a low of 11.30 as of June 30, 2022. This significant decrease suggests a less efficient utilization of fixed assets compared to previous periods.
For the most recent data points (September 30, 2023, to December 31, 2024), the fixed asset turnover ratio remained within a narrow range of 11.89 to 12.17. The stability in the ratio during this period may indicate a potential stabilization in the company's efficiency in utilizing its fixed assets to generate revenue.
Overall, the declining trend in Owens & Minor Inc's fixed asset turnover ratio from its peak in the earlier periods to the recent lower levels may raise concerns about the company's efficiency in generating sales from its fixed asset base. Further analysis and investigation into the factors contributing to this decline would be beneficial to understand the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024