Owens & Minor Inc (OMI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 10,700,900 | 8,208,810 | 8,129,120 | 8,272,090 | 7,199,340 |
| Inventory | US$ in thousands | 1,131,880 | 1,110,610 | 1,333,580 | 1,495,970 | 1,233,750 |
| Inventory turnover | 9.45 | 7.39 | 6.10 | 5.53 | 5.84 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $10,700,900K ÷ $1,131,880K
= 9.45
Owens & Minor Inc's inventory turnover has shown a generally positive trend over the past five years. The ratio has increased from 5.84 in 2020 to 9.45 in 2024. This indicates that the company is managing its inventory more efficiently, with a higher turnover rate. A higher inventory turnover ratio implies that the company is selling its inventory more quickly, reducing the risk of obsolete inventory and improving cash flow. Overall, the increasing trend in Owens & Minor Inc's inventory turnover suggests effective management of inventory levels and a potentially positive impact on the company's financial performance.
Peer comparison
Dec 31, 2024