Owens & Minor Inc (OMI)
Total 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 |
| Total assets | US$ in thousands | 5,093,320 | 5,124,060 | 5,288,000 | 5,310,200 | 5,386,280 | 5,538,580 | 5,555,280 | 5,707,970 | 3,536,550 | 3,584,120 | 3,591,830 | 3,390,820 | 3,335,640 | 3,297,120 | 3,137,790 | 3,714,870 | 3,643,080 | 3,688,420 | 3,896,070 | 3,882,360 |
| Total asset turnover | 2.03 | 2.00 | 1.92 | 1.90 | 1.85 | 1.78 | 1.78 | 1.73 | 2.77 | 2.70 | 2.61 | 2.56 | 2.54 | 2.52 | 2.68 | 2.42 | 2.53 | 2.48 | 2.39 | 2.42 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,333,970K ÷ $5,093,320K
= 2.03
Owens & Minor, Inc.'s total asset turnover has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in generating sales relative to its total assets. The ratio has increased from 1.73 in the first quarter of 2022 to 2.03 in the fourth quarter of 2023. This implies that the company is generating more revenue for each dollar invested in total assets.
The company's ability to efficiently utilize its assets to generate sales has been strengthening, as evidenced by the increasing trend in the total asset turnover ratio. This indicates effective management of assets and an improvement in operational efficiency. The consistent growth in total asset turnover suggests that Owens & Minor, Inc. is effectively managing its assets to drive revenue growth and enhance overall performance.
Peer comparison
Dec 31, 2023