Omnicell Inc (OMCL)
Number of days of payables
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 25.38 | 24.13 | 26.32 | 20.02 | 19.89 | 16.41 | 16.74 | 14.96 | 13.89 | 12.32 | 15.28 | 16.23 | 20.00 | 21.72 | 21.16 | 13.87 | 11.80 | 9.18 | 10.79 | 10.92 | |
| Number of days of payables | days | 14.38 | 15.13 | 13.87 | 18.23 | 18.35 | 22.24 | 21.81 | 24.40 | 26.28 | 29.62 | 23.88 | 22.49 | 18.25 | 16.81 | 17.25 | 26.32 | 30.93 | 39.74 | 33.82 | 33.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.38
= 14.38
Omnicell Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company took approximately 25.27 days to pay its payables, which was lower compared to the previous quarter. This indicates a more efficient management of payables during the period.
Looking at the trend over the past year, there seems to be a general downward trend in the number of days of payables, indicating an improvement in the company's ability to manage its payables efficiently. However, in Q1 2022, the number of days of payables spiked to 42.41 days, suggesting some challenges in managing payables efficiently during that period.
Overall, a decreasing trend in the number of days of payables can signify effective cash flow management and potentially better supplier relationships. However, it is essential to monitor this ratio along with other financial metrics to gain a holistic view of Omnicell Inc.'s financial health.
Peer comparison
Dec 31, 2023