Owens & Minor Inc (OMI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -362,686 | -41,301 | 22,389 | 221,589 | 88,074 |
| Total assets | US$ in thousands | 4,656,160 | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 |
| ROA | -7.79% | -0.81% | 0.42% | 6.27% | 2.64% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-362,686K ÷ $4,656,160K
= -7.79%
Owens & Minor Inc's return on assets (ROA) has fluctuated significantly over the past five years. In 2020, the ROA stood at 2.64%, indicating that the company generated 2.64 cents of profit for every dollar of assets it owned. The following year, in 2021, the ROA experienced a notable increase to 6.27%, reflecting improved asset utilization and profitability. However, the trend reversed in 2022 with the ROA dropping to 0.42%, suggesting a decline in the company's ability to generate earnings from its assets.
By the end of 2023, Owens & Minor Inc's ROA turned negative at -0.81%, signaling that the company's assets were not generating sufficient profits to cover its expenses. This negative trend worsened in 2024, with an ROA plummeting to -7.79%, indicating a significant deterioration in the company's financial performance and asset efficiency.
Overall, Owens & Minor Inc's ROA trajectory reveals a turbulent financial performance, with periods of relative strength followed by substantial declines in asset profitability. The company may need to reassess its asset management strategies and operational efficiency to improve its ROA and enhance overall financial health.
Peer comparison
Dec 31, 2024