Owens & Minor Inc (OMI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -41,301 | 22,389 | 221,589 | 29,871 | -62,371 |
| Total assets | US$ in thousands | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 | 3,643,080 |
| ROA | -0.81% | 0.42% | 6.27% | 0.90% | -1.71% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-41,301K ÷ $5,093,320K
= -0.81%
Owens & Minor, Inc.'s return on assets (ROA) has displayed significant variation over the past five years. In 2023, the company's ROA showed a negative value of -0.81%, indicating that the company generated a loss on its assets during that period. This is a decline from the previous year, where the ROA was positive at 0.42%.
In 2021, Owens & Minor, Inc. delivered a robust ROA of 6.27%, suggesting that the company efficiently utilized its assets to generate profits. This was a substantial improvement from 2020 when the ROA was at 0.90%. The company's performance was weak in 2019 with a negative ROA of -1.71%, signifying inefficiency in asset utilization to generate returns.
Overall, Owens & Minor, Inc.'s ROA has been volatile, with significant fluctuations in performance over the past five years. It is crucial for the company to closely monitor and manage its asset efficiency to ensure sustainable profitability and value creation for its shareholders.
Peer comparison
Dec 31, 2023