Omnicell Inc (OMCL)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 638,539 | 626,864 | 633,411 | 635,504 | 650,272 | 672,750 | 695,015 | 703,779 | 706,960 | 692,780 | 653,439 | 616,586 | 577,365 | 541,172 | 508,457 | 488,412 | 478,916 | 478,057 | 477,807 | 474,779 |
| Inventory | US$ in thousands | 88,659 | 95,059 | 93,262 | 103,466 | 110,099 | 116,144 | 130,577 | 141,156 | 147,549 | 147,096 | 150,461 | 137,056 | 119,924 | 104,259 | 101,185 | 96,208 | 96,298 | 103,101 | 114,245 | 112,785 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $638,539K ÷ $88,659K
= 7.20
Omnicell Inc's inventory turnover has shown a generally increasing trend over the years, indicating an improvement in inventory management efficiency. The ratio started at 4.21 on March 31, 2020, and reached a peak of 7.20 on December 31, 2024. This suggests that the company has been able to sell and replace its inventory more frequently over time.
However, there were fluctuations in the inventory turnover ratio throughout the period, with some quarters showing decreases. For example, there was a slight decrease from 5.19 on September 30, 2021, to 4.81 on December 31, 2021. Similarly, there was a decrease from 6.79 on June 30, 2024, to 6.59 on September 30, 2024.
Overall, Omnicell Inc's inventory turnover indicates that the company has been effectively managing its inventory levels and converting it into sales. It is important for the company to continue monitoring and improving its inventory turnover to ensure optimal inventory management efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024