Owens & Minor Inc (OMI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Total assets | US$ in thousands | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 | 3,643,080 |
| Total asset turnover | 2.03 | 1.85 | 2.77 | 2.54 | 2.53 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,334,000K ÷ $5,093,320K
= 2.03
The total asset turnover ratio measures the efficiency of Owens & Minor, Inc. in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
From the data provided, we can observe that Owens & Minor's total asset turnover ratio fluctuated over the past five years. In 2023, the total asset turnover ratio was 2.03, showing a slight increase from the previous year. This indicates that for each dollar of total assets, the company generated $2.03 in sales revenue in 2023.
Compared to 2021, where the total asset turnover ratio was significantly higher at 2.77, the ratio dropped in 2022 to 1.85. This decline suggests that the company may have experienced challenges in efficiently utilizing its total assets to generate sales revenue during that period.
Overall, Owens & Minor's total asset turnover ratios from 2019 to 2023 demonstrate a varying level of efficiency in asset utilization to generate sales revenue. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023