Hut 8 Mining (TSX:HUT) Change In Receivables : C$-0.75 Mil (TTM As of Sep. 2023)

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What is Hut 8 Mining Change In Receivables?

Hut 8 Mining's change in receivables for the quarter that ended in Sep. 2023 was C$-0.42 Mil. It means Hut 8 Mining's Accounts Receivable increased by C$0.42 Mil from Jun. 2023 to Sep. 2023 .

Hut 8 Mining's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.09 Mil. It means Hut 8 Mining's Accounts Receivable declined by C$0.09 Mil from Dec. 2021 to Dec. 2022 .

Hut 8 Mining's Accounts Receivable for the quarter that ended in Sep. 2023 was C$2.53 Mil.

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 Receivable are being managed. Hut 8 Mining's Days Sales Outstanding for the three months ended in Sep. 2023 was 13.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hut 8 Mining's liquidation value for the three months ended in Sep. 2023 was C$-76.21 Mil.

Hut 8 Mining Change In Receivables Historical Data

The historical data trend for Hut 8 Mining's Change In Receivables 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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Hut 8 Mining Change In Receivables Chart

Hut 8 Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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0.05

-0.45

0.25

0.09

Hut 8 Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															1.06	0.14	-1.28	0.80	-0.42

Hut 8 Mining Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.75 Mil.

Hut 8 Mining (TSX:HUT) Change In Receivables 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 Receivable are being managed.

Hut 8 Mining's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.53	/	16.98	*	91
=	13.60

2. In Ben Graham's calculation of liquidation value, Hut 8 Mining's accounts receivable are only considered to be worth 75% of book value:

Hut 8 Mining's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.14	-	99.25	+	0.75 * 2.53	+	0.5 * 0
=	-76.21

Hut 8 Mining Change In Receivables Related Terms

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Hut 8 Mining (TSX:HUT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Mining Corp (TSX:HUT) » Definitions » Change In Receivables

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Address

24 Duncan Street, Suite 500, Toronto, ON, CAN, M5V 2B8

Website

https://www.hut8mining.com

Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.

Hut 8 Mining (TSX:HUT) Headlines

From GuruFocus

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Hut 8 Corp. (HUT)

By Business Wire • 01-23-2024