Owens & Minor Inc (OMI)
Working capital 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 current assets | US$ in thousands | 2,102,790 | 2,130,270 | 2,262,450 | 2,268,330 | 2,295,180 | 2,441,920 | 2,434,200 | 2,553,350 | 2,321,810 | 2,398,220 | 2,402,070 | 2,206,740 | 2,135,860 | 2,097,530 | 1,951,030 | 2,519,810 | 2,407,280 | 2,251,260 | 2,474,630 | 2,465,250 |
| Total current liabilities | US$ in thousands | 1,891,880 | 1,732,180 | 1,691,640 | 1,630,630 | 1,566,470 | 1,602,370 | 1,569,360 | 1,654,300 | 1,344,020 | 1,425,020 | 1,435,180 | 1,337,300 | 1,345,730 | 1,430,000 | 1,196,230 | 1,549,670 | 1,416,160 | 1,295,790 | 1,470,400 | 1,409,680 |
| Working capital turnover | 49.00 | 25.70 | 17.75 | 15.79 | 13.66 | 11.76 | 11.42 | 10.97 | 10.01 | 9.95 | 9.69 | 9.99 | 10.73 | 12.45 | 11.15 | 9.26 | 9.29 | 9.57 | 9.28 | 8.90 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,333,970K ÷ ($2,102,790K – $1,891,880K)
= 49.00
Owens & Minor, Inc.'s working capital turnover has been showing a positive trend over the last eight quarters, indicating an improvement in how efficiently the company is utilizing its working capital. The working capital turnover ratio measures how effectively a company uses its current assets to generate revenue.
In Q4 2023, Owens & Minor achieved a working capital turnover of 49.00, reflecting a significant improvement from the previous quarter's 25.70. This increase suggests the company was able to generate more revenue relative to its working capital in Q4 2023.
The company's working capital turnover has generally been on the rise since Q1 2022, indicating a consistent effort to enhance operational efficiency. The substantial growth in the ratio from Q1 2023 to Q4 2023 suggests that Owens & Minor has been successful in managing its working capital more effectively and converting it into revenue efficiently.
Overall, the increasing trend in Owens & Minor's working capital turnover ratio signifies an improvement in the company's liquidity management and operational efficiency, which could be a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023