Owens & Minor Inc (OMI)
Liquidity ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.08 | 1.09 | 1.09 | 1.16 | 1.11 | 1.23 | 1.34 | 1.39 | 1.47 | 1.52 | 1.55 | 1.54 | 1.73 | 1.68 | 1.67 | 1.65 | 1.59 | 1.47 | 1.63 | 1.63 |
| Quick ratio | 0.03 | 0.02 | 0.12 | 0.14 | 0.13 | 0.12 | 0.17 | 0.04 | 0.04 | 0.05 | 0.04 | 0.13 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.08 | 0.06 |
| Cash ratio | 0.03 | 0.02 | 0.12 | 0.14 | 0.13 | 0.12 | 0.17 | 0.04 | 0.04 | 0.05 | 0.04 | 0.13 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.08 | 0.06 |
The current ratio of Owens & Minor Inc has shown some fluctuations over the reported period, starting at 1.63 in March 2020, reaching a peak of 1.73 by December 2021, and then declining to 1.08 by December 2024. Overall, the current ratio has remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities throughout the period.
In contrast, the quick ratio, which excludes inventory from current assets, shows a different trend. It started very low at 0.06 in March 2020, increased and fluctuated until June 2023, where it recorded a significant peak of 0.17, indicating a higher level of liquidity for immediate obligations. However, by December 2024, the quick ratio dropped to 0.03, signaling a lower ability to meet short-term liabilities without relying on inventory liquidation.
The cash ratio, which is the most conservative measure of liquidity, also shows fluctuations, mirroring the trend in the quick ratio. It started at 0.06 in March 2020, peaked at 0.17 in June 2023, and then decreased to 0.03 by December 2024.
Overall, while the current ratio generally indicates a healthy liquidity position for Owens & Minor Inc, the decreasing trend in the quick and cash ratios towards the end of the reported period may suggest a need for closer monitoring of the company's ability to meet short-term obligations without relying on inventory.
Additional liquidity measure
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 47.93 | 52.80 | 52.99 | 50.13 | 49.38 | 47.88 | 52.02 | 57.90 | 59.88 | 67.88 | 67.08 | 62.73 | 66.01 | 68.16 | 71.80 | 66.79 | 62.55 | 55.98 | 51.80 | 51.15 |
The cash conversion cycle of Owens & Minor Inc has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the company's cash conversion cycle has ranged from a low of 47.88 days to a high of 71.80 days.
The trend in the cash conversion cycle indicates a gradual increase from 51.15 days on March 31, 2020, to a peak of 71.80 days on June 30, 2021. Following this peak, there was a slight decrease in the cash conversion cycle, reaching 47.88 days on September 30, 2023. However, the cycle increased again to 52.99 days on June 30, 2024.
Overall, Owens & Minor Inc has experienced fluctuations in its cash conversion cycle, with periods of both increase and decrease. The company may need to focus on managing its working capital efficiently to optimize its cash conversion cycle and liquidity position.