Cardinal Health Inc (CAH)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 222,578,000 | 226,827,000 | 205,012,000 | 181,364,000 | 162,467,000 |
| Receivables | US$ in thousands | 13,242,000 | 12,084,000 | 11,108,000 | 10,561,000 | 9,103,000 |
| Receivables turnover | 16.81 | 18.77 | 18.46 | 17.17 | 17.85 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $222,578,000K ÷ $13,242,000K
= 16.81
The receivables turnover ratio for Cardinal Health Inc. demonstrates fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio decreased slightly from 17.85 times in 2021 to 17.17 times in 2022, indicating a modest slowdown in the collection of accounts receivable during that year. Subsequently, the ratio increased to 18.46 times in 2023, suggesting an improvement in receivables collection efficiency. This upward trend continued into 2024, with the ratio reaching 18.77 times, reflecting further enhancement in managing receivables.
However, in 2025, the ratio declined notably to 16.81 times. This decrease could indicate a slowdown in receivables turnover or a lengthening of the collection period relative to the previous years. Such a decline warrants further investigation to determine whether it is due to changes in credit policies, customer payment behaviors, or other operational factors.
Overall, the data indicates that Cardinal Health Inc. experienced an overall improvement in receivables turnover from 2021 through 2024, with the ratio reaching its peak in 2024, before experiencing a decline in 2025. The ratio's fluctuations suggest ongoing dynamics in receivables management, with the recent decline potentially impacting cash flow and liquidity if it persists.
Peer comparison
Jun 30, 2025