Omnicell Inc (OMCL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,187,990 | 1,342,310 | 1,144,190 | 925,486 | 945,018 |
| Receivables | US$ in thousands | 252,025 | 299,469 | 240,894 | 190,117 | 218,362 |
| Receivables turnover | 4.71 | 4.48 | 4.75 | 4.87 | 4.33 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,187,990K ÷ $252,025K
= 4.71
Omnicell, Inc.'s receivables turnover has shown a fluctuating trend over the past five years. The ratio decreased from 4.11 in 2019 to 4.33 in 2022 and then slightly decreased again to 4.55 in 2023. This indicates that the company is collecting its accounts receivable more efficiently in 2023 compared to the previous year.
The average days it takes for Omnicell, Inc. to collect its accounts receivable improved slightly in 2023 compared to 2022, which is a positive sign of effective receivables management. Overall, the company seems to be maintaining a reasonable level of efficiency in converting its credit sales into cash, although there is room for further improvement in optimizing its receivables turnover ratio.
Peer comparison
Dec 31, 2023