BitMine Immersion Technologies (BitMine Immersion Technologies) Change In Inventory : $0.00 Mil (TTM As of Feb. 2024)

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What is BitMine Immersion Technologies Change In Inventory?

BitMine Immersion Technologies's change in inventory for the quarter that ended in Feb. 2024 was $0.00 Mil. It means BitMine Immersion Technologies's inventory stayed the same from Nov. 2023 to Feb. 2024 .

BitMine Immersion Technologies's change in inventory for the fiscal year that ended in Aug. 2023 was $0.00 Mil. It means BitMine Immersion Technologies's inventory stayed the same from Aug. 2022 to Aug. 2023 .

BitMine Immersion Technologies's Total Inventories for the quarter that ended in Feb. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BitMine Immersion Technologies's Days Inventory for the quarter that ended in Feb. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. BitMine Immersion Technologies's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.

BitMine Immersion Technologies Change In Inventory Historical Data

The historical data trend for BitMine Immersion Technologies's Change In Inventory 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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BitMine Immersion Technologies Change In Inventory Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Change In Inventory

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial				-	-	-	-	-

BitMine Immersion Technologies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

BitMine Immersion Technologies (OTCPK:BMNR) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

BitMine Immersion Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.568	*	365 / 4
	=	0.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

BitMine Immersion Technologies's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.568	/	0
	=	N/A

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

BitMine Immersion Technologies's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.892
	=	0.00

BitMine Immersion Technologies Change In Inventory Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Change In Inventory

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Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.