Cardinal Health Inc (CAH)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 226,827,000 | 204,979,000 | 181,364,000 | 162,467,000 | 152,922,000 |
| Receivables | US$ in thousands | 12,084,000 | 11,108,000 | 10,561,000 | 9,103,000 | 8,264,000 |
| Receivables turnover | 18.77 | 18.45 | 17.17 | 17.85 | 18.50 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $226,827,000K ÷ $12,084,000K
= 18.77
The receivables turnover ratio for Cardinal Health Inc has been relatively stable over the past five years, ranging from 17.17 to 18.77. This ratio indicates how efficiently the company is able to collect payments from its customers.
A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally seen as a positive sign of efficient operations. Cardinal Health Inc has consistently maintained a comparatively high turnover ratio, reflecting its effective management of accounts receivable.
Overall, the trend in Cardinal Health Inc's receivables turnover ratio indicates a consistent and efficient collection process, which is a positive indicator of the company's financial health and operational efficiency.
Peer comparison
Jun 30, 2024