Omnia Wellness (Omnia Wellness) Receivables Turnover : 0.34 (As of Sep. 2022)

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What is Omnia Wellness 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. Omnia Wellness's Revenue for the three months ended in Sep. 2022 was $0.03 Mil. Omnia Wellness's average Accounts Receivable for the three months ended in Sep. 2022 was $0.08 Mil. Hence, Omnia Wellness's Receivables Turnover for the three months ended in Sep. 2022 was 0.34.

Omnia Wellness Receivables Turnover Historical Data

The historical data trend for Omnia Wellness'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.

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Omnia Wellness Receivables Turnover Chart

Omnia Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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5.76

2.38

Omnia Wellness Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															-	1.36	1.12	0.84	0.34

Competitive Comparison of Omnia Wellness's Receivables Turnover

For the Leisure subindustry, Omnia Wellness'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.

Omnia Wellness's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Omnia Wellness's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Omnia Wellness's Receivables Turnover falls into.

Omnia Wellness Receivables Turnover Calculation

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

Omnia Wellness's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	0.291	/ (	(0.038	+	0.207)	/	2 )
=	0.291	/	0.1225
=	2.38

Omnia Wellness's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.028	/ (	(0.113	+	0.054)	/	2 )
=	0.028	/	0.0835
=	0.34

Omnia Wellness (OTCPK:OMWS) 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.

Omnia Wellness Receivables Turnover Related Terms

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Omnia Wellness (Omnia Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Omnia Wellness Inc (OTCPK:OMWS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

https://www.omniawellness.com

Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.