Cardinal Health Inc (CAH)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 222,578,000 | 222,286,000 | 222,319,000 | 224,500,000 | 226,986,000 | 220,572,000 | 216,148,000 | 210,172,000 | 205,012,000 | 198,662,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 |
| Receivables | US$ in thousands | 13,242,000 | 12,666,000 | 12,369,000 | 11,781,000 | 12,084,000 | 11,566,000 | 11,788,000 | 11,265,000 | 11,108,000 | 10,992,000 | 11,421,000 | 11,039,000 | 10,561,000 | 10,250,000 | 9,406,000 | 9,305,000 | 9,103,000 | 8,727,000 | 8,728,000 | 8,637,000 |
| Receivables turnover | 16.81 | 17.55 | 17.97 | 19.06 | 18.78 | 19.07 | 18.34 | 18.66 | 18.46 | 18.07 | 16.90 | 16.94 | 17.17 | 17.25 | 18.21 | 17.99 | 17.85 | 17.94 | 17.93 | 17.91 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $222,578,000K ÷ $13,242,000K
= 16.81
The receivables turnover ratio for Cardinal Health Inc. demonstrates a generally stable trend with modest fluctuations over the analyzed period. Starting at approximately 17.91 times as of September 30, 2020, the ratio experienced slight increases, reaching a peak of approximately 19.07 times in the quarter ending March 31, 2024. This indicates that, on average, the company was able to collect its receivables approximately 19 times annually during this peak period.
Throughout the subsequent quarters, the ratio exhibited minor declines, reaching around 16.81 times by June 30, 2025. The fluctuations between approximately 16.81 and 19.07 suggest a relatively consistent receivables collection efficiency, reflecting stable credit management and collection processes. The overall trend indicates slight improvements in receivables turnover through the period, with the ratio peaking in early 2024 before experiencing a modest decline.
This pattern signifies that Cardinal Health maintains a steady cycle of receivables collection, with periods of marginal efficiency gains. The ratios are indicative of a healthcare distribution company with effective credit policies and collection procedures, enabling the firm to convert receivables into cash at a relatively consistent rate across the analyzed timeframe.
Peer comparison
Jun 30, 2025