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Optima Medical Innovations (Optima Medical Innovations) Days Payable : 103.09 (As of Sep. 2021)


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What is Optima Medical Innovations Days Payable?

Optima Medical Innovations's average Accounts Payable for the three months ended in Sep. 2021 was $0.95 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 Payable for the three months ended in Sep. 2021 was 103.09.

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

TOKIF's Days Payable is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 62.12
* Ranked among companies with meaningful Days Payable only.

Optima Medical Innovations's Days Payable declined from Sep. 2020 (219.82) to Sep. 2021 (103.09). It may suggest that Optima Medical Innovations accelerated paying its suppliers.


Optima Medical Innovations Days Payable Historical Data

The historical data trend for Optima Medical Innovations's Days Payable 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 Payable Chart

Optima Medical Innovations Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 155.22 149.93

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 Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 219.82 - 105.42 132.27 103.09

Competitive Comparison of Optima Medical Innovations's Days Payable

For the Medical Care Facilities subindustry, Optima Medical Innovations's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Healthcare Providers & Services Industry

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

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



Optima Medical Innovations Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Optima Medical Innovations's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (1.556 + 1.1) / 2 ) / 3.233*365
=1.328 / 3.233*365
=149.93

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

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (1.013 + 0.885) / 2 ) / 0.84*365 / 4
=0.949 / 0.84*365 / 4
=103.09

* 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.


Optima Medical Innovations Days Payable Related Terms

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Optima Medical Innovations (Optima Medical Innovations) Business Description

Traded in Other Exchanges
N/A
Address
5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7
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.