NOAH’s performance is measured in many ways, from the number of patients we see, to the comprehensive care we provide, to maintaining healthy financials. Below is the November Financial Report from Chief Financial Officer, Julia Nierad.
This has been a pivotal year for NOAH’s financials as this was the 1st time in our organization’s history that we were able to hit Best Practice targets for our Days Cash on Hand and maintain the entire year. This is something we should all be very proud of! December financials are going to show some significant positive shifts, so please keep an eye out for the December Financial Dashboard for a more detailed explanation!
Financial Dashboard
| Metric | Target | November 2021 | 3 months ago | 6 months ago |
| Days Cash on Hand | 90 | 139 | 163 | 186 |
| Current Ratio | 2.0 | 4.53 | 7.06 | 9.65 |
| Operating Margin | 7% | 14% | 18% | 25% |
Days Cash on Hand: NOAH’s Days Cash on Hand dropped slightly this month. This is expected with the continued Capital Spending on our new Desert Mission (DM) location. We are tracking this same measure without the DM funds and NOAH remains above target with 109 Days Cash on Hand.
Current Ratio: NOAH’s Current Ratio decreased this month, but still well above target. The shift from prior month is related to the DM Capital Project.
Operation Margin: NOAH’s Operating Margin decreased slightly from last month. This was expected, but we will still end the year above target.
If you have any questions about any of the metrics, please reach out to NOAH Controller, Elizabeth Lawson.
Wishing you all a wonderful holiday season!!!
