OPTHF (Optimi Health) Receivables Turnover : 0.41 (As of Mar. 2024)

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What is Optimi 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. Optimi Health's Revenue for the three months ended in Mar. 2024 was $0.06 Mil. Optimi Health's average Accounts Receivable for the three months ended in Mar. 2024 was $0.15 Mil. Hence, Optimi Health's Receivables Turnover for the three months ended in Mar. 2024 was 0.41.

Optimi Health Receivables Turnover Historical Data

The historical data trend for Optimi 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.

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Optimi Health Receivables Turnover Chart

Optimi Health Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

0.55

1.36

Optimi Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									0.51	0.33	0.13	0.52	0.41

Competitive Comparison of Optimi Health's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Optimi 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.

Optimi Health's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Optimi Health's Receivables Turnover distribution charts can be found below:

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

Optimi Health Receivables Turnover Calculation

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

Optimi Health's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.134	/ (	(0.074	+	0.123)	/	2 )
=	0.134	/	0.0985
=	1.36

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.061	/ (	(0.175	+	0.126)	/	2 )
=	0.061	/	0.1505
=	0.41

Optimi Health (OTCPK:OPTHF) 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.

Optimi Health Receivables Turnover Related Terms

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Optimi Health Business Description

Industry

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8BN:Germany OPTI:Canada

Address

21 Water Street, Suite 600, Vancouver, BC, CAN, V6B 1A1

Website

https://www.optimihealth.ca

Optimi Health Corp operates in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing, and distribution of raw mushroom biomass. It also intends to cultivate, extract, process, and distribute strains of fungi products at its facilities located in Princeton, British Columbia.