Owens & Minor Inc (OMI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,700,900 | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 |
| Total assets | US$ in thousands | 4,656,160 | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 |
| Total asset turnover | 2.30 | 2.03 | 1.85 | 2.77 | 2.54 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,700,900K ÷ $4,656,160K
= 2.30
The total asset turnover ratio for Owens & Minor Inc has shown fluctuations over the past five years. The ratio increased from 2.54 in December 2020 to 2.77 in December 2021, indicating that the company generated $2.77 in revenue for every dollar of assets during that period. However, the ratio declined in the following years, reaching 1.85 in December 2022, which suggests a decrease in efficiency in utilizing assets to generate revenue.
Subsequently, there was a slight improvement as the ratio increased to 2.03 in December 2023 and further to 2.30 in December 2024. These improvements indicate that the company was able to generate more revenue relative to its assets in those years.
Overall, the trend in total asset turnover for Owens & Minor Inc demonstrates fluctuations, with some periods of improved efficiency in utilizing assets to generate revenue. It is essential for the company to continue monitoring and managing its assets effectively to maintain optimal performance in the future.
Peer comparison
Dec 31, 2024