Option Care Health Inc (OPCH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,251,080 | 3,890,930 | 3,358,250 | 2,913,300 | 2,305,570 |
| Receivables | US$ in thousands | 466,758 | 479,042 | 418,342 | 407,340 | 393,116 |
| Receivables turnover | 9.11 | 8.12 | 8.03 | 7.15 | 5.86 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,251,080K ÷ $466,758K
= 9.11
Option Care Health Inc.'s receivables turnover has shown a consistent increasing trend over the past five years, indicating the company's ability to efficiently collect its accounts receivable. The ratio has increased from 7.12 in 2019 to 11.39 in 2023, highlighting improvements in the company's receivables management. This suggests that Option Care Health Inc. is collecting its outstanding receivables more frequently each year, which is a positive sign of liquidity and operational efficiency. Overall, the upward trend in receivables turnover indicates effective credit policies and efficient collections processes within the company.
Peer comparison
Dec 31, 2023