Omni Health (Omni Health) Receivables Turnover : 1.81 (As of Jan. 2017)

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What is Omni 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. Omni Health's Revenue for the three months ended in Jan. 2017 was $1.47 Mil. Omni Health's average Accounts Receivable for the three months ended in Jan. 2017 was $0.81 Mil. Hence, Omni Health's Receivables Turnover for the three months ended in Jan. 2017 was 1.81.

Omni Health Receivables Turnover Historical Data

The historical data trend for Omni 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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Omni Health Receivables Turnover Chart

Omni Health Annual Data

Trend

Apr14

Apr15

Apr16

Receivables Turnover

376.00

42.80

Omni Health Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Receivables Turnover	Get a 7-Day Free Trial							1.56	6.40	1.35	1.66	1.81

Competitive Comparison of Omni Health's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Omni 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.

Omni Health's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

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

Omni Health Receivables Turnover Calculation

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

Omni Health's Receivables Turnover for the fiscal year that ended in Apr. 2016 is calculated as

	Receivables Turnover (A: Apr. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2016 )	/ (	(Accounts Receivable (A: Apr. 2015 )	+	Accounts Receivable (A: Apr. 2016 ))	/	count )
=	0.214	/ (	(0	+	0.005)	/	1 )
=	0.214	/	0.005
=	42.80

Omni Health's Receivables Turnover for the quarter that ended in Jan. 2017 is calculated as

	Receivables Turnover (Q: Jan. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2017 )	/ (	(Accounts Receivable (Q: Oct. 2016 )	+	Accounts Receivable (Q: Jan. 2017 ))	/	count )
=	1.471	/ (	(0.786	+	0.839)	/	2 )
=	1.471	/	0.8125
=	1.81

Omni Health (OTCPK:OMHE) 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.

Omni Health Receivables Turnover Related Terms

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Omni Health (Omni Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Omni Health Inc (OTCPK:OMHE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5966 West 16th Avenue, Miami Beach, FL, USA, 33012

Website

https://www.omnihealth.md

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.

Omni Health (Omni Health) Headlines

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