Owens & Minor Inc (OMI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 104,508 | 142,913 | 368,473 | 204,118 | 73,151 |
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Operating profit margin | 1.01% | 1.44% | 3.77% | 2.41% | 0.79% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $104,508K ÷ $10,334,000K
= 1.01%
Owens & Minor, Inc.'s operating profit margin has shown fluctuations over the past five years. The operating profit margin was 1.97% in 2023, slightly lower than the 1.99% reported in 2022. This indicates that the company's ability to generate profits from its core operations slightly decreased in 2023 compared to the previous year.
In 2021, the operating profit margin was relatively higher at 4.11%, showing a significant improvement from 2020 when it was 2.85%. This increase in 2021 suggests that the company was more efficient in controlling its operating expenses or experienced higher revenues relative to its costs during that period.
However, in 2019, Owens & Minor, Inc. had a low operating profit margin of 1.12%, indicating a lower level of profitability from its operations compared to the following years.
Overall, the fluctuations in Owens & Minor, Inc.'s operating profit margin over the years reflect varying levels of efficiency in managing operating expenses and generating profits from its core business activities. The company may benefit from analyzing the underlying factors contributing to these fluctuations to identify areas for improvement and sustained profitability.
Peer comparison
Dec 31, 2023