Optima Medical Innovations (Optima Medical Innovations) Receivables Turnover : 19.18 (As of Sep. 2021)

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What is Optima Medical Innovations 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 Medical Innovations's Revenue for the three months ended in Sep. 2021 was $1.14 Mil. Optima Medical Innovations's average Accounts Receivable for the three months ended in Sep. 2021 was $0.06 Mil. Hence, Optima Medical Innovations's Receivables Turnover for the three months ended in Sep. 2021 was 19.18.

Optima Medical Innovations Receivables Turnover Historical Data

The historical data trend for Optima Medical Innovations'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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Optima Medical Innovations Receivables Turnover Chart

Optima Medical Innovations Annual Data

Trend

Mar11

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Mar17

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Dec19

Dec20

Receivables Turnover

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16.17

24.61

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
Receivables Turnover	Get a 7-Day Free Trial															0.71	-	17.23	11.59	19.18

Competitive Comparison of Optima Medical Innovations's Receivables Turnover

For the Medical Care Facilities subindustry, Optima Medical Innovations'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 Medical Innovations's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

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

Optima Medical Innovations Receivables Turnover Calculation

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

Optima Medical Innovations's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	4.614	/ (	(0.332	+	0.043)	/	2 )
=	4.614	/	0.1875
=	24.61

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

	Receivables Turnover (Q: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Sep. 2021 ))	/	count )
=	1.141	/ (	(0.069	+	0.05)	/	2 )
=	1.141	/	0.0595
=	19.18

Optima Medical Innovations (OTCPK:TOKIF) 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 Medical Innovations Receivables Turnover Related Terms

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Optima Medical Innovations (Optima Medical Innovations) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Medical Innovations Corp (OTCPK:TOKIF) » Definitions » Receivables Turnover

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Address

5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7

Website

https://www.tokicorp.com

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.