Owens & Minor Inc (OMI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,619,710 | 8,589,630 | 8,481,450 | 8,334,510 | 8,208,800 | 8,266,560 | 8,197,440 | 8,121,160 | 8,129,120 | 8,110,710 | 8,299,930 | 8,421,810 | 8,272,090 | 8,109,820 | 7,780,070 | 7,228,990 | 7,199,340 | 7,141,940 | 7,334,880 | 7,912,340 |
| Inventory | US$ in thousands | 1,131,880 | 1,242,450 | 1,231,410 | 1,144,600 | 1,110,610 | 1,084,350 | 1,168,230 | 1,288,290 | 1,333,580 | 1,508,440 | 1,525,330 | 1,447,380 | 1,495,970 | 1,514,390 | 1,530,370 | 1,322,900 | 1,233,750 | 1,095,410 | 1,040,860 | 1,108,840 |
| Inventory turnover | 7.62 | 6.91 | 6.89 | 7.28 | 7.39 | 7.62 | 7.02 | 6.30 | 6.10 | 5.38 | 5.44 | 5.82 | 5.53 | 5.36 | 5.08 | 5.46 | 5.84 | 6.52 | 7.05 | 7.14 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,619,710K ÷ $1,131,880K
= 7.62
Owens & Minor Inc's inventory turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring how many times a company's inventory is sold and replaced over a specific period.
The inventory turnover ratio for Owens & Minor Inc ranged from 5.08 to 7.62 during this period, with a general decreasing trend towards the end of the period. A higher inventory turnover ratio suggests that the company efficiently sells its products and restocks its inventory quickly. Conversely, a lower ratio may indicate overstocking, obsolete inventory, or difficulties in selling products.
During the period in question, Owens & Minor Inc was able to maintain a relatively healthy inventory turnover, staying within a moderate range. However, the decreasing trend towards the latter part of the period warrants further analysis to determine the underlying reasons. It is important for the company to closely monitor inventory levels and sales to ensure optimal inventory management and operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024