Bitfarms (Bitfarms) Days Sales Outstanding : 1.85 (As of Dec. 2023)

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What is Bitfarms Days Sales Outstanding?

Bitfarms's average Accounts Receivable for the three months ended in Dec. 2023 was $0.9 Mil. Bitfarms's Revenue for the three months ended in Dec. 2023 was $46.2 Mil. Hence, Bitfarms's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.85.

The historical rank and industry rank for Bitfarms's Days Sales Outstanding or its related term are showing as below:

BITF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.78 Med: 6.08 Max: 14.18
Current: 1.98

During the past 7 years, Bitfarms's highest Days Sales Outstanding was 14.18. The lowest was 1.78. And the median was 6.08.

BITF's Days Sales Outstanding is ranked better than
93.55% of 558 companies
in the Capital Markets industry
Industry Median: 62.115 vs BITF: 1.98

Bitfarms's Days Sales Outstanding declined from Dec. 2022 (3.57) to Dec. 2023 (1.85).

Bitfarms Days Sales Outstanding Historical Data

The historical data trend for Bitfarms's Days Sales Outstanding 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 Days Sales Outstanding Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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13.86

13.95

2.31

2.23

1.76

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															3.57	1.63	1.79	2.87	1.85

Competitive Comparison of Bitfarms's Days Sales Outstanding

For the Capital Markets subindustry, Bitfarms's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Bitfarms's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Bitfarms's Days Sales Outstanding falls into.

Bitfarms Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.701	+	0.714)	/	2 )	/	146.366	*	365
=	0.7075					/	146.366	*	365
=	1.76

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1.157	+	0.714)	/	2 )	/	46.241	*	365 / 4
=	0.9355					/	46.241	*	365 / 4
=	1.85

Bitfarms (NAS:BITF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Bitfarms Days Sales Outstanding Related Terms

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Bitfarms (Bitfarms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (NAS:BITF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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.