Cardinal Health Inc (CAH)
Receivables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 226,668,000 | 220,413,000 | 216,043,000 | 210,070,000 | 205,023,000 | 198,673,000 | 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 | 152,922,000 | 153,586,000 | 149,657,000 | 147,662,000 |
| Receivables | US$ in thousands | 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 | 8,264,000 | 9,019,000 | 8,280,000 | 8,190,000 |
| Receivables turnover | 18.76 | 19.06 | 18.33 | 18.65 | 18.46 | 18.07 | 16.90 | 16.94 | 17.17 | 17.25 | 18.21 | 17.99 | 17.85 | 17.94 | 17.93 | 17.91 | 18.50 | 17.03 | 18.07 | 18.03 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $226,668,000K ÷ $12,084,000K
= 18.76
The receivables turnover for Cardinal Health Inc has shown a relatively stable trend over the past several quarters, ranging from 16.90 to 19.06. This ratio indicates that, on average, the company is able to collect its accounts receivable approximately 17 to 19 times within a year. A higher receivables turnover ratio is generally preferred as it suggests that the company is efficient in collecting payments from its customers.
Overall, Cardinal Health Inc's receivables turnover has been relatively consistent and within a reasonable range, reflecting a healthy level of efficiency in managing its accounts receivable. It is important for the company to continue monitoring and improving its collection processes to ensure timely receipt of payments from customers.
Peer comparison
Jun 30, 2024