Owens & Minor Inc (OMI)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -41,301 | -117,077 | -98,154 | -41,309 | 22,388 | 122,355 | 153,987 | 191,279 | 221,589 | 230,356 | 232,308 | 110,785 | 29,872 | -59,893 | -104,750 | -59,599 | -62,371 | -285,169 | -286,958 | -459,259 |
| Total assets | US$ in thousands | 5,093,320 | 5,124,060 | 5,288,000 | 5,310,200 | 5,386,280 | 5,538,580 | 5,555,280 | 5,707,970 | 3,536,550 | 3,584,120 | 3,591,830 | 3,390,820 | 3,335,640 | 3,297,120 | 3,137,790 | 3,714,870 | 3,643,080 | 3,688,420 | 3,896,070 | 3,882,360 |
| ROA | -0.81% | -2.28% | -1.86% | -0.78% | 0.42% | 2.21% | 2.77% | 3.35% | 6.27% | 6.43% | 6.47% | 3.27% | 0.90% | -1.82% | -3.34% | -1.60% | -1.71% | -7.73% | -7.37% | -11.83% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-41,301K ÷ $5,093,320K
= -0.81%
Owens & Minor, Inc.'s return on assets (ROA) has exhibited a declining trend over the past eight quarters. In Q4 2023, the ROA was -0.81%, which indicates that the company generated a negative return on its assets during that period. This followed a similar negative performance in the previous quarter, with an ROA of -2.28% in Q3 2023.
The ROA continued to deteriorate in Q2 2023, reaching -1.86%, and in Q1 2023, it was -0.78%. These consecutive quarters of negative ROA suggest that Owens & Minor, Inc. was unable to effectively utilize its assets to generate profits during that time.
Comparing the recent performance to the same period a year ago, there has been a significant decline in ROA. In Q4 2022, the ROA was 0.42%, indicating a positive return on assets, which gradually increased in the following quarters to reach 3.35% in Q1 2022.
The declining trend in ROA raises concerns about Owens & Minor, Inc.'s ability to generate profits relative to its asset base. Further analysis of the company's profitability, efficiency, and asset management practices may be warranted to identify the root causes of its declining ROA and to explore potential strategic improvements.
Peer comparison
Dec 31, 2023