Optima Medical Innovations (Optima Medical Innovations) Days Sales Outstanding : 4.76 (As of Sep. 2021)

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What is Optima Medical Innovations Days Sales Outstanding?

Optima Medical Innovations's average Accounts Receivable for the three months ended in Sep. 2021 was $0.06 Mil. Optima Medical Innovations's Revenue for the three months ended in Sep. 2021 was $1.14 Mil. Hence, Optima Medical Innovations's Days Sales Outstanding for the three months ended in Sep. 2021 was 4.76.

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

TOKIF's Days Sales Outstanding is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 46.64
* Ranked among companies with meaningful Days Sales Outstanding only.

Optima Medical Innovations's Days Sales Outstanding declined from Sep. 2020 (128.92) to Sep. 2021 (4.76).

Optima Medical Innovations Days Sales Outstanding Historical Data

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

Optima Medical Innovations Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Days Sales Outstanding

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22.57

14.83

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 Sales Outstanding	Get a 7-Day Free Trial															128.92	-	5.30	7.88	4.76

Competitive Comparison of Optima Medical Innovations's Days Sales Outstanding

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

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

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

Optima Medical Innovations Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2020 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )	*	Days in Period
=	( (0.332	+	0.043)	/	2 )	/	4.614	*	365
=	0.1875					/	4.614	*	365
=	14.83

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

	Days Sales Outstanding (Q: Sep. 2021 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Sep. 2021 ))	/	count )	/	Revenue (A: Sep. 2021 )	*	Days in Period
=	( (0.069	+	0.05)	/	2 )	/	1.141	*	365 / 4
=	0.0595					/	1.141	*	365 / 4
=	4.76

Optima Medical Innovations (OTCPK:TOKIF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Optima Medical Innovations Days Sales Outstanding Related Terms

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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 Sales Outstanding

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Traded in Other Exchanges

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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.