Bitnine Co (XKRX:357880) Change In Receivables : ₩-48 Mil (TTM As of Mar. 2024)

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What is Bitnine Co Change In Receivables?

Bitnine Co's change in receivables for the quarter that ended in Mar. 2024 was ₩-861 Mil. It means Bitnine Co's Accounts Receivable increased by ₩861 Mil from Dec. 2023 to Mar. 2024 .

Bitnine Co's change in receivables for the fiscal year that ended in Dec. 2022 was ₩-2,683 Mil. It means Bitnine Co's Accounts Receivable increased by ₩2,683 Mil from Dec. 2021 to Dec. 2022 .

Bitnine Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ₩9,168 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. Bitnine Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 109.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bitnine Co's liquidation value for the three months ended in Mar. 2024 was ₩-25,593 Mil.

Bitnine Co Change In Receivables Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co Change In Receivables Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Receivables

226.89

3,271.71

-5,420.32

-2,683.48

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial									-1,517.12	-2,139.28	643.12	2,309.15	-860.83

Bitnine Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-48 Mil.

Bitnine Co (XKRX:357880) 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.

Bitnine Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9167.628	/	7608.389	*	91
=	109.95

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

Bitnine Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8886.865	-	42133.042	+	0.75 * 9167.628	+	0.5 * 1555.484
=	-25,593

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Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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