Owens & Minor Inc (OMI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 | 3,643,080 |
| Operating ROA | 2.05% | 2.65% | 10.42% | 6.12% | 2.01% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $104,508K ÷ $5,093,320K
= 2.05%
Owens & Minor, Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 4.00%, showing a slight improvement compared to the previous year's 3.67%. However, this current rate is still lower than the peak performance seen in 2021 when the operating ROA reached 11.38%.
The significant drop from 2021 to 2022 indicates a decline in the company's efficiency in generating operating income from its assets. This could be attributed to various factors such as changes in the company's operating expenses, asset utilization, or changes in revenue.
Although the operating ROA has shown fluctuations over the years, the general trend seems to be positive, with the current rate being higher than the 2019 figure of 2.83%. It is important for Owens & Minor, Inc. to continue monitoring and improving its operating ROA to ensure optimal utilization of its assets and sustained profitability in the long run.
Peer comparison
Dec 31, 2023