Omnicell Inc (OMCL)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 10.38 10.37 9.51 8.99 8.54 8.20 7.61 7.82 8.28 8.82 8.49 8.56 8.37 7.84 6.41 5.75 5.07 4.21 4.17 4.04
Receivables turnover 4.72 4.50 4.65 4.08 4.49 3.82 4.18 4.22 4.80 4.68 4.83 4.58 4.87 5.15 5.16 4.21 4.33 4.23 4.07 3.97
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
Working capital turnover 2.13 2.25 2.49 2.73 2.97 2.87 3.13 — — 1.99 1.52 1.54 1.68 1.33 4.26 4.27 3.84 3.46 3.83 3.97

Omnicell, Inc.'s activity ratios provide insights into how effectively the company is managing its inventory, receivables, payables, and working capital.

1. Inventory turnover: Omnicell has shown a consistent improvement in inventory turnover over the quarters, indicating that the company is selling its inventory more frequently. This can be a positive sign as it reduces the risk of obsolete inventory and enhances cash flow.

2. Receivables turnover: The receivables turnover ratio measures how well the company collects its outstanding receivables. Omnicell has maintained a relatively stable receivables turnover ratio, showing that the company is efficiently collecting payments from its customers.

3. Payables turnover: Omnicell's payables turnover has been increasing over the quarters, indicating that the company is taking longer to pay its suppliers. This could be a strategic move to optimize cash flow by extending payment terms.

4. Working capital turnover: The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. Omnicell's working capital turnover has decreased over the quarters, which may suggest a decrease in sales relative to working capital investment or changes in working capital management strategies.

Overall, Omnicell's activity ratios reflect a mixed performance in managing its assets and liabilities effectively to generate revenue. Further analysis of trend analysis and comparison with industry standards could provide more insights into the company's operational efficiency.

Average number of days

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
Days of inventory on hand (DOH) days 35.16 35.20 38.38 40.58 42.72 44.51 47.97 46.67 44.07 41.37 43.00 42.63 43.60 46.57 56.97 63.46 72.04 86.79 87.45 90.26
Days of sales outstanding (DSO) days 77.30 81.12 78.55 89.38 81.31 95.46 87.41 86.44 76.11 77.99 75.60 79.65 74.91 70.90 70.78 86.65 84.34 86.27 89.66 92.01
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

Omnicell, Inc.'s activity ratios provide insight into its inventory management, accounts receivable efficiency, and payment practices.

1. Days of Inventory on Hand (DOH):
- Omnicell's Days of Inventory on Hand (DOH) has shown a decreasing trend over the quarters from Q1 2022 to Q4 2023. This indicates that the company is managing its inventory more efficiently, with fewer days of inventory on hand. However, there was a slight increase in the most recent quarter, suggesting a potential need for closer monitoring of inventory levels.

2. Days of Sales Outstanding (DSO):
- The Days of Sales Outstanding (DSO) for Omnicell has shown fluctuation over the past quarters. Generally, the DSO has been relatively high, indicating that the company takes a longer time to collect its accounts receivable. The decrease in DSO from Q2 2022 to Q3 2022 is a positive sign, but the recent increase in Q4 2023 may indicate challenges in collecting payments promptly.

3. Number of Days of Payables:
- Omnicell's Number of Days of Payables has been relatively stable with a decreasing trend over the quarters, indicating that the company takes fewer days to pay its suppliers. This can be a positive indicator of efficient payment practices. However, the decrease in Q4 2023 compared to the prior quarter may suggest a need for monitoring payment terms to ensure favorable relationships with suppliers.

Overall, Omnicell's activity ratios reflect varying levels of efficiency in managing inventory, accounts receivable, and payment cycles. It is important for the company to continue monitoring and optimizing these ratios to enhance operational performance and maintain strong working capital management.

Long-term

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
Fixed asset turnover 10.96 11.48 12.33 13.37 14.31 15.32 15.85 15.92 16.24 16.84 16.27 15.57 15.68 16.82 16.84 18.53 17.42 15.68 15.82 15.51
Total asset turnover 0.53 0.55 0.58 0.58 0.61 0.62 0.61 0.58 0.54 0.53 0.52 0.50 0.51 0.56 0.80 0.80 0.76 0.69 0.70 0.69

Omnicell, Inc.'s fixed asset turnover has shown a downward trend over the past eight quarters, decreasing from 15.56 in Q1 2022 to 10.56 in Q4 2023. This suggests that the company generated $10.56 in sales for each dollar invested in fixed assets during the most recent quarter.

On the other hand, the total asset turnover ratio has fluctuated around the 0.56 to 0.60 range over the same period. This indicates that Omnicell, Inc. is generating sales revenue equivalent to around 56% to 60% of its total assets each quarter.

While the fixed asset turnover ratio has decreased steadily, the total asset turnover ratio has remained relatively stable. It may be beneficial for the company to assess the efficiency of its fixed asset utilization to improve overall operational efficiency and profitability.