BitMine Immersion Technologies (BitMine Immersion Technologies) Days Inventory : 0.00 (As of Feb. 2024)

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What is BitMine Immersion Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BitMine Immersion Technologies's Average Total Inventories for the three months ended in Feb. 2024 was $0.00 Mil. BitMine Immersion Technologies's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.57 Mil. Hence, BitMine Immersion Technologies's Days Inventory for the three months ended in Feb. 2024 was 0.00.

The historical rank and industry rank for BitMine Immersion Technologies's Days Inventory or its related term are showing as below:

BMNR's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 60.84
* Ranked among companies with meaningful Days Inventory only.

BitMine Immersion Technologies's Days Inventory stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. BitMine Immersion Technologies's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.00.

BitMine Immersion Technologies Days Inventory Historical Data

The historical data trend for BitMine Immersion Technologies's Days Inventory 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.

* Premium members only.

BitMine Immersion Technologies Days Inventory Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Days Inventory

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of BitMine Immersion Technologies's Days Inventory

For the Capital Markets subindustry, BitMine Immersion Technologies's Days Inventory, along with its competitors' market caps and Days Inventory 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.

BitMine Immersion Technologies's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Days Inventory falls into.

BitMine Immersion Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

BitMine Immersion Technologies's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.423	*	365
=	0					/	0.423	*	365
=	0.00

BitMine Immersion Technologies's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.568	*	365 / 4
=	0					/	0.568	*	365 / 4
=	0.00

BitMine Immersion Technologies (OTCPK:BMNR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

BitMine Immersion Technologies's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.568	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

BitMine Immersion Technologies's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.892
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

BitMine Immersion Technologies Days Inventory Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.