Optimind Pharma (XCNQ:OMND) Days Sales Outstanding : 119.98 (As of Nov. 2024)

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What is Optimind Pharma Days Sales Outstanding?

Optimind Pharma's average Accounts Receivable for the three months ended in Nov. 2024 was C$0.04 Mil. Optimind Pharma's Revenue for the three months ended in Nov. 2024 was C$0.03 Mil. Hence, Optimind Pharma's Days Sales Outstanding for the three months ended in Nov. 2024 was 119.98.

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

XCNQ:OMND' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73 Med: 79.53 Max: 96.46
Current: 96.46

During the past 3 years, Optimind Pharma's highest Days Sales Outstanding was 96.46. The lowest was 73.00. And the median was 79.53.

XCNQ:OMND's Days Sales Outstanding is ranked worse than
70.67% of 958 companies
in the Drug Manufacturers industry
Industry Median: 72.085 vs XCNQ:OMND: 96.46

Optimind Pharma's Days Sales Outstanding increased from Nov. 2023 (106.46) to Nov. 2024 (119.98).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Optimind Pharma Days Sales Outstanding Historical Data

The historical data trend for Optimind Pharma'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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Optimind Pharma Days Sales Outstanding Chart

Optimind Pharma Annual Data

Trend

Feb22

Feb23

Feb24

Days Sales Outstanding

73.00

86.06

Optimind Pharma Quarterly Data
	Jun21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Days Sales Outstanding	Get a 7-Day Free Trial								106.46	89.62	131.17	73.45	119.98

Competitive Comparison of Optimind Pharma's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Optimind Pharma'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.

Optimind Pharma's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Optimind Pharma's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Optimind Pharma's Days Sales Outstanding falls into.

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Optimind Pharma 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.

Optimind Pharma's Days Sales Outstanding for the fiscal year that ended in Feb. 2024 is calculated as

	Days Sales Outstanding (A: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (0.034	+	0.024)	/	2 )	/	0.123	*	365
=	0.029					/	0.123	*	365
=	86.06

Optimind Pharma's Days Sales Outstanding for the quarter that ended in Nov. 2024 is calculated as:

	Days Sales Outstanding (Q: Nov. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2024 )	+	Accounts Receivable (A: Nov. 2024 ))	/	count )	/	Revenue (A: Nov. 2024 )	*	Days in Period
=	( (0.044	+	0.027)	/	2 )	/	0.027	*	365 / 4
=	0.0355					/	0.027	*	365 / 4
=	119.98

Optimind Pharma (XCNQ:OMND) Days Sales Outstanding Explanation

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

Optimind Pharma Days Sales Outstanding Related Terms

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Optimind Pharma Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimind Pharma Corp (XCNQ:OMND) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 3000, TD Centre, North Tower, PO Box 95, Toronto, ON, CAN, M5K 1G8

Website

https://www.optimindpharma.com

Optimind Pharma Corp is an emerging provider of psychedelic therapies for the masses. It helps people suffering from PTSD, Anxiety, Depression, and other mental illnesses and disabilities by providing ketamine-assisted-treatment and other psychedelic-enhanced-psychotherapy modalities. It is also partnered with developers of psilocybin-associated treatments and products to further expand its treatment and program offerings.

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