BitMine Immersion Technologies (BitMine Immersion Technologies) Receivables Turnover : 0.00 (As of Feb. 2024)

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What is BitMine Immersion Technologies 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. BitMine Immersion Technologies's Revenue for the three months ended in Feb. 2024 was $0.89 Mil. BitMine Immersion Technologies's average Accounts Receivable for the three months ended in Feb. 2024 was $0.00 Mil.

BitMine Immersion Technologies Receivables Turnover Historical Data

The historical data trend for BitMine Immersion Technologies'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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BitMine Immersion Technologies Receivables Turnover Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Receivables Turnover

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

Competitive Comparison of BitMine Immersion Technologies's Receivables Turnover

For the Capital Markets subindustry, BitMine Immersion Technologies'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.

BitMine Immersion Technologies's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where BitMine Immersion Technologies's Receivables Turnover falls into.

BitMine Immersion Technologies Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	0.645	/ (	(0	+	0)	/	1 )
=	0.645	/	0
=	N/A

BitMine Immersion Technologies's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.892	/ (	(0	+	0)	/	1 )
=	0.892	/	0
=	N/A

BitMine Immersion Technologies (OTCPK:BMNR) 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.

BitMine Immersion Technologies Receivables Turnover 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 » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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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.