Owens & Minor Inc (OMI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2 | 104,508 | 194,804 | 368,473 | 204,118 |
| Total assets | US$ in thousands | 4,656,160 | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 |
| Operating ROA | -0.00% | 2.05% | 3.62% | 10.42% | 6.12% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-2K ÷ $4,656,160K
= -0.00%
Owens & Minor Inc's operating return on assets (operating ROA) has shown fluctuations over the five-year period from December 31, 2020, to December 31, 2024.
In December 2020, the operating ROA was recorded at 6.12%, indicating the company generated a 6.12% return on its assets through its operations. This suggests efficient asset utilization and profitability during that period.
By December 2021, Owens & Minor Inc was able to improve its operating ROA to 10.42%, reflecting an increase in operational efficiency and profitability compared to the previous year.
However, there was a significant decline in operating ROA by December 2022, dropping to 3.62%. This decrease suggests a potential decrease in profitability or less efficient asset utilization during that year.
The trend continued to worsen in December 2023, with the operating ROA decreasing to 2.05%. This further decline may raise concerns about the company's operational performance and profitability.
Lastly, by December 2024, Owens & Minor Inc reported an operating ROA of -0.00%. A negative operating ROA indicates that the company's operating income was insufficient to cover the assets employed in its operations, which could be a result of decreased profitability or inefficient asset management.
Overall, the trend in Owens & Minor Inc's operating ROA over the five-year period reflects fluctuations in operational efficiency and profitability, with notable improvements in some years and declines in others. It is essential for the company to focus on optimizing asset utilization and profitability to ensure sustainable performance in the future.
Peer comparison
Dec 31, 2024