Owens & Minor Inc (OMI)
Working capital 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 current assets | US$ in thousands | 49,382 | 2,102,790 | 2,295,180 | 2,321,810 | 2,135,860 |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 |
| Working capital turnover | — | 49.00 | 13.66 | 10.01 | 10.73 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,700,900K ÷ ($49,382K – $1,873,740K)
= —
Owens & Minor Inc's working capital turnover ratio has exhibited fluctuations over the past few years. In December 2020, the ratio stood at 10.73, indicating that the company generated $10.73 of revenue for every dollar of working capital invested. By December 2021, the ratio had decreased slightly to 10.01, suggesting a slight decline in efficiency in using working capital to generate sales.
However, there was a notable improvement by December 2022, with the ratio increasing to 13.66, indicating that Owens & Minor Inc was able to generate more revenue per dollar of working capital. The most significant jump was seen by December 2023 when the ratio spiked to 49.00, implying a substantial increase in efficiency and effectiveness in utilizing working capital to drive sales.
Unfortunately, the data for December 2024 is not available (denoted by "\u2014"), making it challenging to assess the trend beyond 2023. Overall, the varying results suggest fluctuations in Owens & Minor Inc's ability to efficiently utilize its working capital to generate sales, with the most recent data showing a significant improvement in this aspect.
Peer comparison
Dec 31, 2024