Owens & Minor Inc (OMI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -362,685 | -48,785 | -42,441 | -38,769 | -41,301 | -117,076 | -98,153 | -41,308 | 22,389 | 122,355 | 153,987 | 191,279 | 221,589 | 230,356 | 232,308 | 110,785 | 29,872 | -59,893 | -104,750 | -59,599 |
| Total assets | US$ in thousands | 4,656,160 | 5,081,280 | 5,304,000 | 5,207,990 | 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 |
| ROA | -7.79% | -0.96% | -0.80% | -0.74% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-362,685K ÷ $4,656,160K
= -7.79%
Owens & Minor Inc's return on assets (ROA) experienced fluctuations during the period under review. The ROA was negative in the first two quarters of 2020, indicating that the company was generating net losses relative to its assets during that time.
However, there was a turnaround in the latter part of 2020, with the ROA improving to a positive 0.90% by December 31, 2020. The positive trend continued into 2021, reaching a peak of 6.47% by June 30, 2021. This indicates that the company was effectively utilizing its assets to generate profits during that period.
In the subsequent quarters, the ROA maintained relatively strong levels above 2%, indicating continued efficiency in asset utilization. However, there was a significant drop in the ROA to -7.79% by the end of December 31, 2024, suggesting a notable decline in the company's profitability relative to its assets at the end of the review period.
Overall, the analysis of Owens & Minor Inc's ROA shows fluctuations in profitability relative to its asset base over the period, with both positive and negative trends observed. It is important for investors and stakeholders to further investigate the factors influencing these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024