Omnicell Inc (OMCL)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,190,083 | 1,226,542 | 1,272,662 | 1,315,183 | 1,344,391 | 1,353,971 | 1,296,691 | 1,226,490 | 1,155,217 | 1,093,879 | 1,013,703 | 942,467 | 926,289 | 968,427 | 974,187 | 981,817 | 945,018 | 860,485 | 835,947 | 807,207 |
| Receivables | US$ in thousands | 252,025 | 272,584 | 273,899 | 322,073 | 299,469 | 354,098 | 310,520 | 290,469 | 240,894 | 233,729 | 209,953 | 205,658 | 190,117 | 188,102 | 188,918 | 233,068 | 218,362 | 203,391 | 205,353 | 203,489 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,190,083K ÷ $252,025K
= 4.72
Based on the receivables turnover data for Omnicell, Inc. over the past eight quarters, we can see fluctuations in the efficiency with which the company is collecting its accounts receivable.
The receivables turnover ratio measures how many times a company converts its accounts receivable into cash during a specific period. A higher ratio indicates that the company is collecting outstanding payments more quickly.
Looking at the data provided, we observe that Omnicell's receivables turnover ratio has been relatively stable, ranging from 3.70 to 4.55 over the past eight quarters. This indicates that, on average, the company collects its accounts receivable approximately 4 times a year.
In analyzing the trend, we note that there was a notable increase in the receivables turnover ratio in Q4 2023 compared to the previous quarter, reaching 4.55 from 4.35. This suggests improved efficiency in collecting payments from customers during this period.
Overall, Omnicell appears to have a consistent record in managing its accounts receivable, which is essential for maintaining healthy cash flows and liquidity. It is crucial for the company to continue monitoring and managing its receivables effectively to ensure timely collection and sustainable financial performance.
Peer comparison
Dec 31, 2023