Owens & Minor Inc (OMI)
Working capital 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 current assets | US$ in thousands | 2,021,020 | 2,116,540 | 2,327,070 | 2,236,340 | 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 |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,934,170 | 2,131,180 | 1,933,090 | 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 |
| Working capital turnover | 72.66 | 58.46 | 53.76 | 34.37 | 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 | 11.29 | 9.48 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,700,880K ÷ ($2,021,020K – $1,873,740K)
= 72.66
The working capital turnover of Owens & Minor Inc has shown an increasing trend over the years, indicating an improvement in the efficiency of the company's working capital management.
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher turnover ratio implies that the company is able to generate more sales with less investment in working capital.
From March 31, 2020, to December 31, 2024, the working capital turnover ratio increased from 9.48 to 72.66. This significant increase indicates that Owens & Minor Inc has been able to effectively manage its working capital to support its sales growth.
The company's ability to generate higher sales with relatively lower levels of working capital investment is a positive indicator of its operational efficiency and effectiveness in managing its short-term resources.
Overall, the increasing trend in the working capital turnover ratio suggests that Owens & Minor Inc has been improving its working capital management practices, which could potentially lead to enhanced profitability and financial performance in the future.
Peer comparison
Dec 31, 2024