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Omni Health (Omni Health) Cash Conversion Cycle : 51.63 (As of Jan. 2017)


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What is Omni Health Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Omni Health's Days Sales Outstanding for the three months ended in Jan. 2017 was 50.4.
Omni Health's Days Inventory for the three months ended in Jan. 2017 was 23.51.
Omni Health's Days Payable for the three months ended in Jan. 2017 was 22.28.
Therefore, Omni Health's Cash Conversion Cycle (CCC) for the three months ended in Jan. 2017 was 51.63.


Omni Health Cash Conversion Cycle Historical Data

The historical data trend for Omni Health's Cash Conversion Cycle 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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Omni Health Cash Conversion Cycle Chart

Omni Health Annual Data
Trend Apr14 Apr15 Apr16
Cash Conversion Cycle
- -29.89 61.80

Omni Health Quarterly Data
Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.65 34.54 32.07 55.36 51.63

Competitive Comparison of Omni Health's Cash Conversion Cycle

For the Pharmaceutical Retailers subindustry, Omni Health's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.


Omni Health's Cash Conversion Cycle Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Omni Health's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Omni Health's Cash Conversion Cycle falls into.



Omni Health Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Omni Health's Cash Conversion Cycle for the fiscal year that ended in Apr. 2016 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=8.53+53.27-0
=61.80

Omni Health's Cash Conversion Cycle for the quarter that ended in Jan. 2017 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=50.4+23.51-22.28
=51.63

* 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.


Omni Health  (OTCPK:OMHE) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Omni Health Cash Conversion Cycle Related Terms

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Omni Health (Omni Health) Business Description

Traded in Other Exchanges
N/A
Address
5966 West 16th Avenue, Miami Beach, FL, USA, 33012
Omni Health Inc operates a pharmacy in Miami Beach, Florida. The company operates through its subsidiary as a vertically integrated company focused on healthcare and operating in the lucrative pharmaceutical, medical and wellness industries.

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