OptiBiotix Health (OptiBiotix Health) Receivables Turnover : 0.68 (As of Jun. 2023)

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What is OptiBiotix Health Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. OptiBiotix Health's Revenue for the six months ended in Jun. 2023 was $0.44 Mil. OptiBiotix Health's average Accounts Receivable for the six months ended in Jun. 2023 was $0.65 Mil. Hence, OptiBiotix Health's Receivables Turnover for the six months ended in Jun. 2023 was 0.68.

OptiBiotix Health Receivables Turnover Historical Data

The historical data trend for OptiBiotix Health's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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OptiBiotix Health Receivables Turnover Chart

OptiBiotix Health Annual Data

Trend

Jul10

Jul12

Nov14

Nov15

Nov16

Nov17

Nov18

Dec20

Dec21

Dec22

Receivables Turnover

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4.06

4.13

4.16

2.29

0.48

OptiBiotix Health Semi-Annual Data
	Jul12	Jan13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															1.21	0.82	0.12	0.83	0.68

Competitive Comparison of OptiBiotix Health's Receivables Turnover

For the Biotechnology subindustry, OptiBiotix Health's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OptiBiotix Health's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, OptiBiotix Health's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OptiBiotix Health's Receivables Turnover falls into.

OptiBiotix Health Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

OptiBiotix Health's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.557	/ (	(1.882	+	0.462)	/	2 )
=	0.557	/	1.172
=	0.48

OptiBiotix Health's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.443	/ (	(0.462	+	0.841)	/	2 )
=	0.443	/	0.6515
=	0.68

OptiBiotix Health (OTCPK:OPBXF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

OptiBiotix Health Receivables Turnover Related Terms

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OptiBiotix Health (OptiBiotix Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » OptiBiotix Health PLC (OTCPK:OPBXF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

OPTI.GB:UK OPTI:UK OB3:Germany

Address

Innovation Centre, Innovation Way, Heslington, York, GBR, YO10 5DG

Website

https://www.optibiotix.com

OptiBiotix Health PLC is engaged in the field of healthcare. As a life science company, its prime focus lies in researching the area of biotechnology. Its activities include the identification of microbial strains, compounds, and formulations for use in food ingredients, supplements, and active compounds that can impact human physiology, deriving potential health benefits. The company derives majority of the revenue from the sale of Functional Fibres. The company markets its products in the United Kingdom under trademark names such as OptiBiotix, SweetBiotix, and SkinBioTherapeutics.

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