Optima Medical Innovations (Optima Medical Innovations) Change In Receivables : $1.53 Mil (TTM As of Sep. 2021)

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What is Optima Medical Innovations Change In Receivables?

Optima Medical Innovations's change in receivables for the quarter that ended in Sep. 2021 was $0.19 Mil. It means Optima Medical Innovations's Accounts Receivable declined by $0.19 Mil from Jun. 2021 to Sep. 2021 .

Optima Medical Innovations's change in receivables for the fiscal year that ended in Dec. 2020 was $-0.03 Mil. It means Optima Medical Innovations's Accounts Receivable increased by $0.03 Mil from Dec. 2019 to Dec. 2020 .

Optima Medical Innovations's Accounts Receivable for the quarter that ended in Sep. 2021 was $0.05 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Optima Medical Innovations's Days Sales Outstanding for the three months ended in Sep. 2021 was 4.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Optima Medical Innovations's liquidation value for the three months ended in Sep. 2021 was $-3.32 Mil.

Optima Medical Innovations Change In Receivables Historical Data

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

Optima Medical Innovations Annual Data

Trend

Mar11

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Dec20

Change In Receivables

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0.31

-0.03

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 Receivables	Get a 7-Day Free Trial															-0.10	1.33	0.07	-0.07	0.19

Optima Medical Innovations Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 $1.53 Mil.

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

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Optima Medical Innovations's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.05	/	1.141	*	91
=	4.00

2. In Ben Graham's calculation of liquidation value, Optima Medical Innovations's accounts receivable are only considered to be worth 75% of book value:

Optima Medical Innovations's liquidation value for the quarter that ended in Sep. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	3.356	+	0.75 * 0.05	+	0.5 * 0.002
=	-3.32

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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 Receivables

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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.