Bitfarms (Bitfarms) Change In Receivables : $-0.0 Mil (TTM As of Dec. 2023)

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What is Bitfarms Change In Receivables?

Bitfarms's change in receivables for the quarter that ended in Dec. 2023 was $0.4 Mil. It means Bitfarms's Accounts Receivable declined by $0.4 Mil from Sep. 2023 to Dec. 2023 .

Bitfarms's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.0 Mil. It means Bitfarms's Accounts Receivable increased by $0.0 Mil from Dec. 2022 to Dec. 2023 .

Bitfarms's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.7 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Bitfarms's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bitfarms's liquidation value for the three months ended in Dec. 2023 was $32.8 Mil.

Bitfarms Change In Receivables Historical Data

The historical data trend for Bitfarms's Change In Receivables 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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Bitfarms Change In Receivables Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.75

0.01

0.06

0.43

-0.01

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.81	0.33	-0.65	-0.14	0.44

Bitfarms Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.0 Mil.

Bitfarms (NAS:BITF) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Bitfarms's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.714	/	46.241	*	91
=	1.41

2. In Ben Graham's calculation of liquidation value, Bitfarms's accounts receivable are only considered to be worth 75% of book value:

Bitfarms's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	115.908	-	83.963	+	0.75 * 0.714	+	0.5 * 0.705
=	32.8

Bitfarms Change In Receivables Related Terms

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Bitfarms (Bitfarms) Business Description

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1B2:Germany 1B2:Germany BITF:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.