Optima Medical Innovations (Optima Medical Innovations) Change In Inventory : $5.08 Mil (TTM As of Sep. 2021)

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What is Optima Medical Innovations Change In Inventory?

Optima Medical Innovations's change in inventory for the quarter that ended in Sep. 2021 was $0.00 Mil. It means Optima Medical Innovations's inventory stayed the same from Jun. 2021 to Sep. 2021 .

Optima Medical Innovations's change in inventory for the fiscal year that ended in Dec. 2020 was $0.01 Mil. It means Optima Medical Innovations's inventory declined by $0.01 Mil from Dec. 2019 to Dec. 2020 .

Optima Medical Innovations's Total Inventories for the quarter that ended in Sep. 2021 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optima Medical Innovations's Days Inventory for the quarter that ended in Sep. 2021 was 0.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optima Medical Innovations's Inventory Turnover for the quarter that ended in Sep. 2021 was 420.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Optima Medical Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.00.

Optima Medical Innovations Change In Inventory Historical Data

The historical data trend for Optima Medical Innovations's Change In Inventory 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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Optima Medical Innovations Change In Inventory Chart

Optima Medical Innovations Annual Data

Trend

Mar11

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Dec20

Change In Inventory

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0.11

0.01

Optima Medical Innovations Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Change In Inventory	Get a 7-Day Free Trial															-0.02	5.08	-	-	-

Optima Medical Innovations Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.08 Mil.

Optima Medical Innovations (OTCPK:TOKIF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Optima Medical Innovations's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.002	/	0.84	*	365 / 4
	=	0.22

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Optima Medical Innovations's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.84	/	0.002
	=	420.00

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Optima Medical Innovations's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.002	/	1.141
	=	0.00

Optima Medical Innovations Change In Inventory Related Terms

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Optima Medical Innovations (Optima Medical Innovations) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Medical Innovations Corp (OTCPK:TOKIF) » Definitions » Change In Inventory

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Address

5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7

Website

https://www.tokicorp.com

Optima Medical Innovations Corp delivers pathways to innovative, science-based health and wellness solutions. It focuses on multi-disciplinary pain management. The group is also engaged in the development of solutions, products and treatments for pain relief, wellness and Cancer therapy.