Owens & Minor Inc (OMI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) for Owens & Minor, Inc. have shown varying trends over the past five years. In 2023, the DSO decreased significantly to 21.13 days from 27.99 days in 2022. This indicates that the company is collecting its accounts receivable more efficiently, possibly due to improved credit and collection processes.
Comparing to 2021 and 2020, where the DSO was 25.42 and 30.16 days respectively, the decrease in 2023 is a positive sign of shorter collection periods. However, it is still slightly higher than the DSO of 26.74 days in 2019.
Overall, the decreasing trend in DSO from 2022 to 2023 suggests that Owens & Minor, Inc. has been managing its receivables better, which may result in improved liquidity and cash flow for the company. It is important for the company to monitor this trend and ensure it continues to efficiently collect outstanding receivables to maintain healthy working capital levels.
Peer comparison
Dec 31, 2023