Core Scientific (Core Scientific) Days Payable : 89.04 (As of Dec. 2023)

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What is Core Scientific Days Payable?

Core Scientific's average Accounts Payable for the three months ended in Dec. 2023 was $100.1 Mil. Core Scientific's Cost of Goods Sold for the three months ended in Dec. 2023 was $102.6 Mil. Hence, Core Scientific's Days Payable for the three months ended in Dec. 2023 was 89.04.

The historical rank and industry rank for Core Scientific's Days Payable or its related term are showing as below:

CORZ' s Days Payable Range Over the Past 10 Years
Min: 8.76 Med: 37.84 Max: 100.36
Current: 67.02

During the past 5 years, Core Scientific's highest Days Payable was 100.36. The lowest was 8.76. And the median was 37.84.

CORZ's Days Payable is ranked better than
57.77% of 2522 companies
in the Software industry
Industry Median: 51.485 vs CORZ: 67.02

Core Scientific's Days Payable increased from Dec. 2022 (26.33) to Dec. 2023 (89.04). It may suggest that Core Scientific delayed paying its suppliers.

Core Scientific Days Payable Historical Data

The historical data trend for Core Scientific'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.

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Core Scientific Days Payable Chart

Core Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.89

37.84

8.76

18.85

100.36

Core Scientific Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										26.33	47.37	52.92	46.57	89.04

Competitive Comparison of Core Scientific's Days Payable

For the Software - Infrastructure subindustry, Core Scientific'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.

Core Scientific's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Core Scientific's Days Payable distribution charts can be found below:

* The bar in red indicates where Core Scientific's Days Payable falls into.

Core Scientific 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.

Core Scientific's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (53.641	+	154.751)	/	2 )	/	378.941	*	365
=	104.196					/	378.941	*	365
=	100.36

Core Scientific's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (45.527	+	154.751)	/	2 )	/	102.629	*	365 / 4
=	100.139					/	102.629	*	365 / 4
=	89.04

Core Scientific Days Payable Related Terms

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Core Scientific (Core Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Core Scientific Inc (NAS:CORZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CORZQ:USA

Address

210 Barton Springs Road, Austin, TX, USA, 78704

Website

https://www.corescientific.com

Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.