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Bitcoin Well (TSXV:BTCW) Accounts Receivable : C$0.07 Mil (As of Dec. 2024)


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What is Bitcoin Well Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bitcoin Well's accounts receivables for the quarter that ended in Dec. 2024 was C$0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bitcoin Well's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 0.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bitcoin Well's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was C$-0.07.


Bitcoin Well Accounts Receivable Historical Data

The historical data trend for Bitcoin Well'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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Bitcoin Well Accounts Receivable Chart

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial 0.09 0.36 - - 0.07

Bitcoin Well Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.57 0.60 0.57 0.07

Bitcoin Well Accounts Receivable Calculation

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


Bitcoin Well 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.

Bitcoin Well's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.073/30.059*91
=0.22

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

Bitcoin Well's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(25.25+0.75 * 0.073+0.5 * 1.379-41.018
-0-0)/218.701
=-0.07

* 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.


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.


Bitcoin Well Accounts Receivable Related Terms

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Bitcoin Well Business Description

Traded in Other Exchanges
Address
10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates two business units, consisting of Bitcoin ATMs and the Online Bitcoin Portal. The Bitcoin ATMs comprises sales and expenses related to the Company's Bitcoin ATMs, while the Online segment includes sales and expenses related to the Company's online Bitcoin portal and Bitcoin Well Infinite (large bitcoin transactions) sales revenue.
Executives
Terry Curtis Rhode Director
Adam O'brien Director, Senior Officer
Allen David Stephen Senior Officer
Luke Thibodeau Senior Officer

Bitcoin Well Headlines

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