Owens & Minor Inc (OMI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 103,189 | -8,933 | 23,388 | 87,923 | 139,779 | 255,264 | 257,876 | 279,430 | 324,844 | 349,810 | 362,194 | 237,298 | 135,103 | 30,039 | -21,057 | 22,409 | 29,606 | -223,500 | -225,507 | -411,984 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 981,342 | 986,018 | 1,099,640 | 1,269,850 | 1,484,340 | 1,508,420 | — | — | — |
| 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 |
| Return on total capital | 11.17% | -1.01% | 2.61% | 9.51% | 14.78% | 26.40% | 26.90% | 29.49% | 34.61% | 39.44% | 42.71% | 13.42% | 7.96% | 1.94% | -1.26% | 1.18% | 1.50% | -45.49% | -45.38% | -82.09% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $103,189K ÷ ($—K + $924,166K)
= 11.17%
Owens & Minor, Inc.'s return on total capital has exhibited some variability over the past eight quarters. In Q4 2023, the return on total capital was 6.74%, which represents an improvement compared to the previous quarter. However, it is worth noting that this figure is lower than the returns seen in Q3 and Q2 of 2022, which were 9.15% and 9.13% respectively. In Q1 2022, the return on total capital was at its peak at 9.62%.
Overall, Owens & Minor, Inc. has shown fluctuations in its return on total capital, with Q1 2022 recording the highest return and Q3 2023 at the lowest. Investors and stakeholders may need to assess the factors contributing to these fluctuations to understand the company's capital efficiency and profitability trends accurately.
Peer comparison
Dec 31, 2023