Owens & Minor Inc (OMI)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.00 | 6.99 | 6.86 | 6.97 | 7.08 | 7.01 | 7.30 | 7.55 | 8.26 | 7.25 | 6.91 | 7.08 | 7.20 | 7.55 | 8.87 | 8.82 | 10.00 | 9.42 | 8.02 | 8.45 | |
| Number of days of payables | days | 52.11 | 52.21 | 53.17 | 52.40 | 51.52 | 52.03 | 50.02 | 48.34 | 44.21 | 50.35 | 52.84 | 51.59 | 50.71 | 48.35 | 41.15 | 41.39 | 36.49 | 38.75 | 45.52 | 43.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.00
= 52.11
Owens & Minor, Inc. has experienced varying trends in its number of days of payables over the past eight quarters. In Q4 2023, the number of days of payables was 52.11 days, slightly lower than the prior quarter. This indicates that the company takes approximately 52 days to pay off its accounts payable obligations. Despite minor fluctuations, the number of days of payables has remained relatively stable around the low 50s range over the past two years, with a slight upward trend in the most recent quarters. This suggests that Owens & Minor, Inc. has been managing its accounts payable effectively, neither stretching nor accelerating payments excessively.
Peer comparison
Dec 31, 2023