Owens & Minor Inc (OMI)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,208,800 | 8,266,560 | 8,197,440 | 8,121,160 | 8,129,120 | 8,110,710 | 8,299,930 | 8,421,810 | 8,272,090 | 8,109,820 | 7,780,070 | 7,228,990 | 7,199,340 | 7,141,940 | 7,310,480 | 7,862,360 | 8,082,450 | 8,230,730 | 8,330,900 | 8,373,990 |
| Payables | US$ in thousands | 1,171,880 | 1,182,410 | 1,194,170 | 1,165,800 | 1,147,410 | 1,156,230 | 1,137,340 | 1,115,400 | 1,001,960 | 1,118,750 | 1,126,360 | 1,021,760 | 1,000,190 | 946,116 | 824,131 | 891,542 | 808,035 | 873,743 | 1,039,070 | 990,688 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,208,800K ÷ $1,171,880K
= 7.00
Owens & Minor, Inc.'s payables turnover has shown some fluctuations over the past eight quarters. The payables turnover ratio indicates how efficiently the company is managing its accounts payable by measuring how many times, on average, the company pays its suppliers within a given period.
Looking at the trend, we can see that the payables turnover ratio has ranged between 6.86 and 7.55 over the last two years. In Q4 2023, the payables turnover was 7.00, showing a slight decrease from the previous quarter but generally consistent with prior periods.
A higher payables turnover ratio typically suggests that the company is paying its suppliers more quickly, which may indicate good liquidity or strong bargaining power with suppliers. Conversely, a lower ratio could imply longer payment periods, potentially signaling cash flow constraints or inefficiencies in managing payables.
Overall, Owens & Minor, Inc.'s payables turnover appears relatively stable over the quarters analyzed, indicating that the company has been consistently managing its accounts payable efficiently. However, further analysis and comparison with industry benchmarks would provide a more detailed understanding of the company's payment practices and financial health.
Peer comparison
Dec 31, 2023