Core Scientific (Core Scientific) Accounts Receivable : $1.0 Mil (As of Dec. 2023)

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What is Core Scientific Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Core Scientific's accounts receivables for the quarter that ended in Dec. 2023 was $1.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Core Scientific's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Core Scientific's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.80.

Core Scientific Accounts Receivable Historical Data

The historical data trend for Core Scientific's Accounts Receivable 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 Accounts Receivable Chart

Core Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.11

0.79

1.68

0.26

1.00

Core Scientific Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										0.26	0.17	1.26	1.11	1.00

Core Scientific Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Core Scientific Accounts Receivable 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.001	/	141.929	*	91
=	0.64

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Core Scientific's accounts receivable are only considered to be worth 75% of book value:

Core Scientific's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(50.409	+	0.75 * 1.001	+	0.5 * 0	-	1309.097
-	0	-	0)	/	184.999
=	-6.80

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Core Scientific Accounts Receivable 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 » Accounts Receivable

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.