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.