Owens & Minor Inc (OMI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.00 | 7.08 | 8.26 | 7.20 | 10.00 | |
| Number of days of payables | days | 52.11 | 51.52 | 44.21 | 50.71 | 36.49 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.00
= 52.11
The number of days of payables for Owens & Minor, Inc. has shown some fluctuation over the past five years. In 2023, the company took approximately 52.11 days to pay its suppliers, which is slightly higher compared to 2022 and 2020. However, it is worth noting that the number of days of payables has been relatively stable over the period, indicating a consistent approach to managing supplier payments. In 2019, the company took only 36.49 days to pay its payables, which was the shortest duration among the years analyzed. This suggests that Owens & Minor, Inc. may have tightened its payment terms or improved its cash flow management in that year. Overall, the trend in the number of days of payables reflects the company's working capital management strategies and its relationships with suppliers.
Peer comparison
Dec 31, 2023