Coinbase Global (HAM:1QZ) Accounts Receivable : €168 Mil (As of Sep. 2024)

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What is Coinbase Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Coinbase Global's accounts receivables for the quarter that ended in Sep. 2024 was €168 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Coinbase Global's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 14.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Coinbase Global's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-968.97.

Coinbase Global Accounts Receivable Historical Data

The historical data trend for Coinbase Global'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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Coinbase Global Accounts Receivable Chart

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

15.84

132.78

22.65

208.01

154.32

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															86.83	154.32	257.93	219.66	168.49

Coinbase Global Accounts Receivable Calculation

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

Coinbase Global 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.

Coinbase Global's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	168.491	/	1085.879	*	91
=	14.16

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

Coinbase Global's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(11280.516	+	0.75 * 168.491	+	0.5 * 0	-	253929.268
-	0	-	0)	/	250.29
=	-968.97

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.

Coinbase Global Accounts Receivable Related Terms

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Coinbase Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (HAM:1QZ) » Definitions » Accounts Receivable

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Address

1209, Orange Street, c/o The Corporation Trust Company, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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