BitMine Immersion Technologies (BitMine Immersion Technologies) Days Payable : 48.76 (As of Feb. 2024)

View and export this data going back to . Start your Free Trial

What is BitMine Immersion Technologies Days Payable?

BitMine Immersion Technologies's average Accounts Payable for the three months ended in Feb. 2024 was $0.30 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 Payable for the three months ended in Feb. 2024 was 48.76.

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

BMNR' s Days Payable Range Over the Past 10 Years
Min: 48.07 Med: 62.37 Max: 69.03
Current: 48.07

During the past 2 years, BitMine Immersion Technologies's highest Days Payable was 69.03. The lowest was 48.07. And the median was 62.37.

BMNR's Days Payable is ranked worse than
62.5% of 528 companies
in the Capital Markets industry
Industry Median: 104.045 vs BMNR: 48.07

BitMine Immersion Technologies's Days Payable increased from Feb. 2023 (42.26) to Feb. 2024 (48.76). It may suggest that BitMine Immersion Technologies delayed paying its suppliers.

BitMine Immersion Technologies Days Payable Historical Data

The historical data trend for BitMine Immersion Technologies's Days Payable 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 Payable Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Days Payable

55.70

69.03

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial				42.26	61.47	42.94	31.16	48.76

Competitive Comparison of BitMine Immersion Technologies's Days Payable

For the Capital Markets subindustry, BitMine Immersion Technologies's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Capital Markets Industry

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

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

BitMine Immersion Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.085	+	0.075)	/	2 )	/	0.423	*	365
=	0.08					/	0.423	*	365
=	69.03

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.203	+	0.404)	/	2 )	/	0.568	*	365 / 4
=	0.3035					/	0.568	*	365 / 4
=	48.76

BitMine Immersion Technologies Days Payable Related Terms

Thank you for viewing the detailed overview of BitMine Immersion Technologies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

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 Payable

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.