Owens & Minor Inc (OMI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 924,166 | 886,860 | 896,229 | 924,400 | 945,604 | 966,837 | 958,659 | 947,622 | 938,501 | 887,005 | 848,019 | 786,261 | 712,054 | 451,335 | 395,162 | 416,338 | 462,154 | 491,278 | 496,901 | 501,839 |
| ROE | -4.47% | -13.20% | -10.95% | -4.47% | 2.37% | 12.66% | 16.06% | 20.19% | 23.61% | 25.97% | 27.39% | 14.09% | 4.20% | -13.27% | -26.51% | -14.32% | -13.50% | -58.05% | -57.75% | -91.52% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-41,301K ÷ $924,166K
= -4.47%
Owens & Minor Inc.'s return on equity (ROE) has shown a declining trend over the past eight quarters. In Q1 2022, the ROE was at its peak at 20.19%, indicating strong profitability generated from shareholders' equity. However, the ROE has decreased consistently since then, with negative ROE figures recorded in the last three quarters (Q2 2023, Q3 2023, and Q4 2023). Negative ROE values, such as -4.47% and -13.20%, suggest that the company's net income is insufficient to cover shareholder equity, impacting profitability and raising concerns about the company's financial health and operational efficiency. Further investigation into the factors contributing to the declining ROE is warranted to assess the company's ability to generate returns for its shareholders in the future.
Peer comparison
Dec 31, 2023