GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimind Pharma Corp (XCNQ:OMND) » Definitions » Receivables Turnover

Optimind Pharma (XCNQ:OMND) Receivables Turnover : 0.86 (As of Nov. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Optimind Pharma 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. Optimind Pharma's Revenue for the three months ended in Nov. 2023 was C$0.03 Mil. Optimind Pharma's average Accounts Receivable for the three months ended in Nov. 2023 was C$0.03 Mil. Hence, Optimind Pharma's Receivables Turnover for the three months ended in Nov. 2023 was 0.86.


Optimind Pharma Receivables Turnover Historical Data

The historical data trend for Optimind Pharma'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.

* Premium members only.

Optimind Pharma Receivables Turnover Chart

Optimind Pharma Annual Data
Trend Feb22 Feb23
Receivables Turnover
- 5.00

Optimind Pharma Quarterly Data
Jun21 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Receivables Turnover Get a 7-Day Free Trial 2.55 1.25 1.30 0.89 0.86

Competitive Comparison of Optimind Pharma's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Optimind Pharma'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.


Optimind Pharma's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Optimind Pharma's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Optimind Pharma's Receivables Turnover falls into.



Optimind Pharma Receivables Turnover Calculation

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

Optimind Pharma's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=0.17 / ((0 + 0.034) / 1 )
=0.17 / 0.034
=5.00

Optimind Pharma's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=0.027 / ((0.032 + 0.031) / 2 )
=0.027 / 0.0315
=0.86

* 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.


Optimind Pharma  (XCNQ:OMND) 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.


Optimind Pharma Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Optimind Pharma's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Optimind Pharma (XCNQ:OMND) Business Description

Traded in Other Exchanges
N/A
Address
3000 - 77 King Street West, TD Centre, North Tower, PO Box 95, Toronto, ON, CAN, M5K 1G8
Optimind Pharma Corp is an emerging provider of psychedelic therapies for the masses. It helps people suffering from PTSD, Anxiety, Depression, and other mental illnesses and disabilities by providing ketamine-assisted-treatment and other psychedelic-enhanced-psychotherapy modalities.

Optimind Pharma (XCNQ:OMND) Headlines

No Headlines