BIT Mining (BIT Mining) Days Sales Outstanding : 4.68 (As of Sep. 2023)

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What is BIT Mining Days Sales Outstanding?

BIT Mining's average Accounts Receivable for the three months ended in Sep. 2023 was $4.0 Mil. BIT Mining's Revenue for the three months ended in Sep. 2023 was $77.0 Mil. Hence, BIT Mining's Days Sales Outstanding for the three months ended in Sep. 2023 was 4.68.

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

BTCM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.2 Med: 60.11 Max: 635.01
Current: 6.12

During the past 14 years, BIT Mining's highest Days Sales Outstanding was 635.01. The lowest was 0.20. And the median was 60.11.

BTCM's Days Sales Outstanding is ranked better than
97.29% of 2726 companies
in the Software industry
Industry Median: 62.175 vs BTCM: 6.12

BIT Mining's Days Sales Outstanding increased from Sep. 2022 (2.04) to Sep. 2023 (4.68).

BIT Mining Days Sales Outstanding Historical Data

The historical data trend for BIT Mining'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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BIT Mining Days Sales Outstanding Chart

BIT Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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100.00

0.20

1.36

29.61

BIT Mining 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															5.38	5.55	5.47	4.68	29.13

Competitive Comparison of BIT Mining's Days Sales Outstanding

For the Information Technology Services subindustry, BIT Mining'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.

BIT Mining's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's Days Sales Outstanding distribution charts can be found below:

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

BIT Mining 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.

BIT Mining's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (0.737	+	4.12)	/	2 )	/	650.227	*	365
=	2.4285					/	650.227	*	365
=	1.36

BIT Mining's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (4.13	+	3.772)	/	2 )	/	77.017	*	365 / 4
=	3.951					/	77.017	*	365 / 4
=	4.68

BIT Mining (NYSE:BTCM) Days Sales Outstanding Explanation

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

BIT Mining Days Sales Outstanding Related Terms

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BIT Mining (BIT Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

50C0:Germany

Address

428 South Seiberling Street, Akron, OH, USA, 44306

Website

https://www.btcm.group

BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.