Owens & Minor Inc (OMI)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 8,413,800 | 8,982,780 | 9,210,930 | 9,142,750 | 9,314,880 | 9,396,450 |
| Property, plant and equipment | US$ in thousands | 535,495 | 1,072,820 | 1,069,900 | 1,052,770 | 1,018,360 | 979,965 | 961,374 | 922,509 | 642,839 | 628,852 | 618,408 | 600,420 | 592,566 | 301,299 | 297,033 | 301,335 | 315,427 | 383,825 | 389,933 | 386,135 |
| Fixed asset turnover | 19.30 | 9.53 | 9.47 | 9.57 | 9.78 | 10.07 | 10.27 | 10.69 | 15.22 | 15.39 | 15.14 | 14.46 | 14.31 | 27.58 | 28.33 | 29.81 | 29.20 | 23.82 | 23.89 | 24.33 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,333,970K ÷ $535,495K
= 19.30
Owens & Minor, Inc.'s fixed asset turnover has shown a consistent increasing trend over the past eight quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. The latest fixed asset turnover ratio of 19.00 in Q4 2023 represents a significant improvement compared to Q1 2022's ratio of 16.82.
This upward trend suggests that Owens & Minor, Inc. is effectively utilizing its fixed assets to generate sales and is efficiently managing its assets to drive revenue growth. A higher fixed asset turnover ratio is generally considered favorable as it indicates that the company is operating efficiently and effectively in terms of asset utilization.
Overall, the increasing trend in fixed asset turnover for Owens & Minor, Inc. reflects positively on the company's operational performance and efficiency in generating revenue from its fixed asset base.
Peer comparison
Dec 31, 2023