Omnicell Inc (OMCL)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.20 | 6.59 | 6.79 | 6.14 | 5.91 | 5.79 | 5.32 | 4.99 | 4.79 | 4.71 | 4.34 | 4.50 | 4.81 | 5.19 | 5.03 | 5.08 | 4.97 | 4.64 | 4.18 | 4.21 | |
| DOH | days | 50.68 | 55.35 | 53.74 | 59.43 | 61.80 | 63.01 | 68.57 | 73.21 | 76.18 | 77.50 | 84.04 | 81.13 | 75.81 | 70.32 | 72.64 | 71.90 | 73.39 | 78.72 | 87.27 | 86.71 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.20
= 50.68
Omnicell Inc's days of inventory on hand (DOH) has shown a fluctuating trend over the periods provided in the data. The company's DOH decreased from 86.71 days on March 31, 2020, to 50.68 days on December 31, 2024. This indicates an improvement in managing inventory levels efficiently over the years.
The decrease in DOH signifies that Omnicell Inc has been able to reduce the number of days it takes to sell its inventory, which can be a positive sign of effective inventory management. A lower DOH implies that the company is converting its inventory into sales at a faster rate, leading to decreased carrying costs and potentially improved cash flow.
However, it is essential to consider the industry standards and compare Omnicell Inc's DOH with its competitors to gain a better understanding of its inventory management efficiency. Overall, the decreasing trend in DOH for Omnicell Inc suggests improvements in inventory turnover and potentially better financial performance through effective inventory management practices.
Peer comparison
Dec 31, 2024