NOAH’s performance is measured in several ways, including the number of patients we see, the comprehensive care we provide, and maintaining healthy financials. Here’s a look at the financials for October:
| Metric | Target | October 2022 | 3 months ago | 6 months ago |
| Days Cash on Hand | 90 | 77 | 82 | 67 |
| Current Ratio | 2.0 | 3.94 | 3.63 | 3.4 |
| Operating Margin | 6% | 2% | 1% | -1% |
Days Cash on Hand: This measure dropped slightly this month. We are expecting our next tranche of grant funding for the Cholla project to be received in November, which should help normalize our cash in November.
Current Ratio: NOAH’s Current Ratio remains strong indicating we have almost 4 times as many liquid assets to pay for our short-term cash needs.
Operating Margin: NOAH’s Operating Margin dropped below 3% for the year this month. We are watching this metric closely as we near year-end. There are still a number of initiatives still in play which could move our margin. Right now we are forecasting a range from 1% to 4% to end the year. Either way, we should be very proud that NOAH has been able to keep a positive operating margin when so many other organizations are not seeing that level of success this year.
