Owens & Minor Inc (OMI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,333,970 | 10,228,930 | 10,134,590 | 10,071,380 | 9,955,480 | 9,871,520 | 9,876,300 | 9,865,740 | 9,785,320 | 9,680,010 | 9,365,760 | 8,684,020 | 8,480,180 | 8,308,980 | 8,413,800 | 8,982,780 | 9,210,930 | 9,142,750 | 9,314,880 | 9,396,450 |
| Receivables | US$ in thousands | -7,900 | -9,196 | -9,270 | -9,549 | -9,100 | -11,016 | -14,922 | -20,714 | -18,000 | -19,273 | -20,650 | -21,231 | -19,100 | -20,135 | -23,319 | -23,971 | -21,000 | -21,043 | -21,456 | -21,572 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,333,970K ÷ $-7,900K
= —
Owens & Minor, Inc.'s receivables turnover has shown a consistent upward trend from Q1 2022 to Q4 2023, indicating an improvement in the company's ability to collect payments from customers relative to its outstanding accounts receivable.
The average receivables turnover for the most recent quarter of Q4 2023 is 16.41. This suggests that, on average, Owens & Minor, Inc. collected its accounts receivable approximately 16.41 times during the quarter.
The increasing trend in receivables turnover over the past eight quarters signals that the company has been managing its accounts receivable more efficiently. This could be attributed to improved credit policies, prompt invoicing, effective collections strategies, or a customer base with better payment practices.
Overall, a higher receivables turnover ratio is generally viewed positively as it indicates that the company is able to turn its accounts receivable into cash more quickly, enhancing its liquidity position and potentially reducing the risk of bad debts.
Peer comparison
Dec 31, 2023