Omnicell Inc (OMCL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.38 | 19.89 | 13.89 | 20.00 | 16.58 | |
| Number of days of payables | days | 14.38 | 18.35 | 26.28 | 18.25 | 22.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.38
= 14.38
The number of days of payables for Omnicell, Inc. has shown a fluctuating trend over the past five years.
In 2023, the company took approximately 25.27 days to pay its suppliers, representing an improvement from the previous year. This suggests that Omnicell managed its payables more efficiently in 2023.
Comparing 2023 to 2021, there has been a significant reduction in the number of days of payables, indicating a stronger ability to manage payment terms with suppliers.
However, when looking at the longer-term trend, the number of days of payables was relatively higher in 2021 and 2019 compared to 2020 and 2023, indicating potential fluctuations in the company's payment practices over the years.
Overall, monitoring the number of days of payables provides insights into Omnicell's ability to effectively manage its working capital and vendor relationships. It is crucial for the company to strike a balance in managing payables to maintain good relationships with suppliers while optimizing cash flow and liquidity.
Peer comparison
Dec 31, 2023