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Optima Medical Innovations (Optima Medical Innovations) Inventory-to-Revenue : 0.00 (As of Sep. 2021)


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What is Optima Medical Innovations Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Sep. 2021 was $0.00 Mil. Optima Medical Innovations's Revenue for the three months ended in Sep. 2021 was $1.14 Mil. Optima Medical Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.00.

Optima Medical Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2021 stayed the same from Jun. 2021 (0.00) to Jun. 2021 (0.00)

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 three months ended in Sep. 2021 was 0.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optima Medical Innovations's Inventory Turnover for the quarter that ended in Sep. 2021 was 420.00.


Optima Medical Innovations Inventory-to-Revenue Historical Data

The historical data trend for Optima Medical Innovations's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

Optima Medical Innovations Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20
Inventory-to-Revenue
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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
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Competitive Comparison of Optima Medical Innovations's Inventory-to-Revenue

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

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

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



Optima Medical Innovations Inventory-to-Revenue Calculation

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 fiscal year that ended in Dec. 2020 is calculated as

Inventory-to-Revenue (A: Dec. 2020 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Revenue (A: Dec. 2020 )
=( (0.016 + 0.002) / 2 ) / 4.614
=0.009 / 4.614
=0.00

Optima Medical Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue (Q: Sep. 2021 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count ) / Revenue (Q: Sep. 2021 )
=( (0.002 + 0.002) / 2 ) / 1.141
=0.002 / 1.141
=0.00

* 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  (OTCPK:TOKIF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. 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 three months ended in Sep. 2021 is calculated as:

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

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

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

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2021 ) / Average Total Inventories (Q: Sep. 2021 )
=0.84 / 0.002
=420.00

* 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 Inventory-to-Revenue 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.

Optima Medical Innovations (Optima Medical Innovations) Headlines