GRIID Infrastructure (GRIID Infrastructure) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is GRIID Infrastructure Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GRIID Infrastructure's accounts receivables for the quarter that ended in Sep. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GRIID Infrastructure's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GRIID Infrastructure's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-2.51.

GRIID Infrastructure Accounts Receivable Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Accounts Receivable Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

GRIID Infrastructure Accounts Receivable Calculation

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

GRIID Infrastructure 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	4.858	*	91
=	0.00

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

GRIID Infrastructure's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.491	+	0.75 * 0	+	0.5 * 0	-	164.946
-	0	-	0)	/	65.616
=	-2.51

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.

GRIID Infrastructure Accounts Receivable Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024