Optima Medical Innovations (Optima Medical Innovations) Asset Turnover : 0.17 (As of Sep. 2021)

Optima Medical Innovations Asset Turnover Chart

Optima Medical Innovations Annual Data
	Trend	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Dec19	Dec20
Asset Turnover		Get a 7-Day Free Trial					-	0.01	0.01	1.00	0.52

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
Asset Turnover	Get a 7-Day Free Trial															0.06	-0.10	0.17	0.14	0.17

Competitive Comparison of Optima Medical Innovations's Asset Turnover

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

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

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

Optima Medical Innovations Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

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

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

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Optima Medical Innovations  (OTCPK:TOKIF) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Optima Medical Innovations's annulized ROE % for the quarter that ended in Sep. 2021 is

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data.

* 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.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Optima Medical Innovations's annulized ROA % for the quarter that ended in Sep. 2021 is

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data.

* 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.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Optima Medical Innovations Asset Turnover Related Terms

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Optima Medical Innovations (Optima Medical Innovations) Business Description