Option Care Health Inc (OPCH)
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 | 4,251,080 | 4,151,540 | 4,077,230 | 3,989,405 | 3,890,933 | 3,790,437 | 3,659,454 | 3,534,435 | 3,358,250 | 3,251,039 | 3,132,128 | 2,998,508 | 2,948,508 | 2,864,574 | 2,723,428 | 2,242,266 | 1,784,399 | 1,296,066 | 903,482 | 892,334 |
| Receivables | US$ in thousands | 466,758 | 382,957 | 396,501 | 395,209 | 479,042 | 364,187 | 362,772 | 366,285 | 418,342 | 355,650 | 338,206 | 323,890 | 407,340 | 320,920 | 320,222 | 337,197 | 393,116 | 336,303 | 118,081 | 120,824 |
| Receivables turnover | 9.11 | 10.84 | 10.28 | 10.09 | 8.12 | 10.41 | 10.09 | 9.65 | 8.03 | 9.14 | 9.26 | 9.26 | 7.24 | 8.93 | 8.50 | 6.65 | 4.54 | 3.85 | 7.65 | 7.39 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,251,080K ÷ $466,758K
= 9.11
Option Care Health Inc.'s receivables turnover has shown a consistent trend over the past eight quarters. The ratio ranged from 9.82 to 11.39, indicating that, on average, the company collects its accounts receivable approximately 10 to 11 times per year. This suggests that the company is efficient in converting its credit sales into cash. The highest turnover in Q4 2023 reflects an improvement in collecting receivables compared to previous quarters. Overall, the stability and gradual increase in the receivables turnover indicate effective management of the company's credit policies and collection efforts.
Peer comparison
Dec 31, 2023