Optima Health (LSE:OPT) Receivables Turnover : 3.65 (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Optima Health Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Optima Health's Revenue for the six months ended in Sep. 2024 was £50.8 Mil. Optima Health's average Accounts Receivable for the six months ended in Sep. 2024 was £13.9 Mil. Hence, Optima Health's Receivables Turnover for the six months ended in Sep. 2024 was 3.65.

Optima Health Receivables Turnover Historical Data

The historical data trend for Optima Health's Receivables Turnover 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 Health Receivables Turnover Chart

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

2.94

13.08

11.56

Optima Health Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	-	-	5.66	5.90	3.65

Competitive Comparison of Optima Health's Receivables Turnover

For the Health Information Services subindustry, Optima Health's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Health's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optima Health's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Optima Health's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Optima Health Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Optima Health's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	110.887	/ (	(10.023	+	9.168)	/	2 )
=	110.887	/	9.5955
=	11.56

Optima Health's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	50.751	/ (	(9.168	+	18.613)	/	2 )
=	50.751	/	13.8905
=	3.65

Optima Health (LSE:OPT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Optima Health Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Optima Health's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (LSE:OPT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.