Omnicell Inc (OMCL)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,112,238 | 1,064,206 | 1,080,449 | 1,102,634 | 1,147,112 | 1,185,939 | 1,235,335 | 1,267,748 | 1,295,947 | 1,309,307 | 1,257,650 | 1,199,003 | 1,132,018 | 1,070,186 | 987,483 | 914,365 | 892,208 | 891,298 | 906,404 | 924,196 |
| Total current assets | US$ in thousands | 815,493 | 1,011,260 | 995,668 | 989,918 | 927,571 | 913,751 | 881,361 | 934,969 | 881,812 | 849,132 | 787,770 | 775,604 | 780,702 | 888,716 | 984,288 | 903,999 | 829,414 | 963,404 | 465,165 | 478,323 |
| Total current liabilities | US$ in thousands | 595,678 | 961,517 | 407,122 | 416,364 | 367,792 | 369,361 | 370,157 | 453,968 | 428,446 | 376,681 | 373,514 | 951,012 | 876,158 | 338,662 | 317,112 | 292,273 | 276,423 | 233,876 | 236,563 | 248,440 |
| Working capital turnover | 5.06 | 21.39 | 1.84 | 1.92 | 2.05 | 2.18 | 2.42 | 2.64 | 2.86 | 2.77 | 3.04 | — | — | 1.95 | 1.48 | 1.49 | 1.61 | 1.22 | 3.96 | 4.02 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,112,238K ÷ ($815,493K – $595,678K)
= 5.06
Omnicell Inc's working capital turnover has fluctuated over the past few years. It stood at 4.02 in March 2020, indicating that the company turned over its working capital 4.02 times during that period. The ratio then decreased slightly to 3.96 in June 2020. However, there was a significant drop in the ratio to 1.22 in September 2020, suggesting a potential inefficiency in managing working capital.
From December 2020 to March 2021, the working capital turnover remained relatively low, indicating a slower conversion of working capital into revenue. In the following quarters, the ratio gradually improved but remained below the earlier levels. There was a noticeable increase to 21.39 in September 2024, which could be an anomaly or a significant improvement in working capital management.
It is essential for Omnicell Inc to closely monitor its working capital turnover to ensure efficient utilization of resources and effective management of liquidity. An optimal working capital turnover ratio can help the company meet its short-term obligations, fund operations, and support growth initiatives.
Peer comparison
Dec 31, 2024