Owens & Minor Inc (OMI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Receivables | US$ in thousands | -7,900 | -9,100 | -18,000 | -19,100 | -21,000 |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,334,000K ÷ $-7,900K
= —
Owens & Minor, Inc.'s receivables turnover has shown an increasing trend over the past five years, with the ratio steadily improving from 13.65 in 2019 to 17.27 in 2023. This indicates that the company is collecting its accounts receivable more efficiently each year.
A higher receivables turnover ratio signifies that Owens & Minor, Inc. is more effective in converting its credit sales into cash, reflecting a shorter time it takes to collect outstanding payments from customers. This could be a positive indicator of the company's credit policies, collection procedures, and overall financial health.
The improvement in receivables turnover suggests that Owens & Minor, Inc. has been managing its accounts receivable effectively, which can positively impact its cash flow and liquidity position. It may also indicate a strong customer base that is prompt in making payments, leading to reduced credit risk for the company.
Overall, the increasing trend in Owens & Minor, Inc.'s receivables turnover ratio demonstrates efficient management of receivables and potential financial strength.
Peer comparison
Dec 31, 2023