Owens & Minor Inc (OMI)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,700,880 | 10,660,960 | 10,531,580 | 10,423,800 | 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 | 8,520,070 | 9,196,550 |
| Total assets | US$ in thousands | 4,656,160 | 5,081,280 | 5,304,000 | 5,207,990 | 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 |
| Total asset turnover | 2.30 | 2.10 | 1.99 | 2.00 | 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 | 2.72 | 2.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,700,880K ÷ $4,656,160K
= 2.30
Owens & Minor Inc's total asset turnover ratio fluctuated over the past few years. The ratio, which measures how efficiently the company generates sales from its assets, increased steadily from March 31, 2020, to December 31, 2021, reaching a peak of 2.77. This indicates that the company was effectively utilizing its assets to generate revenue during this period.
However, starting from March 31, 2022, there was a noticeable decline in the total asset turnover ratio, dropping to 1.73 by that date. This downward trend continued until December 31, 2022, after which the ratio gradually began to improve again.
By December 31, 2024, the total asset turnover ratio had reached 2.30, showing a significant recovery from the lows observed earlier. Overall, it is essential for Owens & Minor Inc to closely monitor and manage its asset turnover to ensure optimal utilization of assets in generating sales and improving overall operational efficiency.
Peer comparison
Dec 31, 2024