Owens & Minor Inc (OMI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,125,160 | 1,962,356 | 1,937,137 | 1,950,210 | 1,826,351 | 1,760,803 | 1,576,363 | 1,443,926 | 1,513,229 | 1,570,187 | 1,585,687 | 1,455,026 | 1,280,834 | 1,167,037 | 1,103,320 | 1,120,431 | 1,128,493 | 912,034 | 983,986 | 1,022,462 |
| 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 |
| Gross profit margin | 20.56% | 19.18% | 19.11% | 19.36% | 18.35% | 17.84% | 15.96% | 14.64% | 15.46% | 16.22% | 16.93% | 16.76% | 15.10% | 14.05% | 13.11% | 12.47% | 12.25% | 9.98% | 10.56% | 10.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,125,160K ÷ $10,333,970K
= 20.56%
Owens & Minor, Inc. has shown a positive trend in its gross profit margin over the past eight quarters, indicating an improvement in its profitability. In Q4 2023, the gross profit margin reached 20.56%, the highest level compared to the previous quarters. This upward trend suggests that the company has been able to effectively manage its production costs and maintain strong pricing strategies.
Comparing Q4 2023 to Q4 2022, the gross profit margin increased by 2.21 percentage points, reflecting an enhanced efficiency in generating revenue from its core operations. Additionally, there has been a consistent quarterly improvement, showcasing the company's ability to adapt to market conditions and optimize its profitability.
Overall, the steady growth in Owens & Minor, Inc.'s gross profit margin indicates a positive outlook for the company's financial performance and highlights its ability to generate value for its shareholders.
Peer comparison
Dec 31, 2023