Optima Medical Innovations (Optima Medical Innovations) Days Inventory : 0.22 (As of Sep. 2021)

View and export this data going back to 2018. Start your Free Trial

What is Optima Medical Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optima Medical Innovations's Average Total Inventories for the three months ended in Sep. 2021 was $0.00 Mil. Optima Medical Innovations's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.84 Mil. Hence, Optima Medical Innovations's Days Inventory for the three months ended in Sep. 2021 was 0.22.

The historical rank and industry rank for Optima Medical Innovations's Days Inventory or its related term are showing as below:

TOKIF's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.42
* Ranked among companies with meaningful Days Inventory only.

Optima Medical Innovations's Days Inventory declined from Sep. 2020 (620.24) to Sep. 2021 (0.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Optima Medical Innovations's Inventory Turnover for the three months 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 three months ended in Sep. 2021 was 0.00.

Optima Medical Innovations Days Inventory Historical Data

The historical data trend for Optima Medical Innovations's Days 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.

* Premium members only.

Optima Medical Innovations Days Inventory Chart

Optima Medical Innovations Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Days Inventory

Get a 7-Day Free Trial

1.60

1.02

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
Days Inventory	Get a 7-Day Free Trial															620.24	-	0.21	0.27	0.22

Competitive Comparison of Optima Medical Innovations's Days Inventory

For the Medical Care Facilities subindustry, Optima Medical Innovations's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Optima Medical Innovations's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optima Medical Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where Optima Medical Innovations's Days Inventory falls into.

Optima Medical Innovations Days Inventory Calculation

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 fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.016	+	0.002)	/	2 )	/	3.233	*	365
=	0.009					/	3.233	*	365
=	1.02

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

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0.002	+	0.002)	/	2 )	/	0.84	*	365 / 4
=	0.002					/	0.84	*	365 / 4
=	0.22

Optima Medical Innovations (OTCPK:TOKIF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

2. 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 three months ended in Sep. 2021 is calculated as

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Optima Medical Innovations Days Inventory Related Terms

Thank you for viewing the detailed overview of Optima Medical Innovations's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Optima Medical Innovations (Optima Medical Innovations) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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.