FUFU (BitFuFu) Days Payable : 2.61 (As of Sep. 2024)

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What is BitFuFu Days Payable?

BitFuFu's average Accounts Payable for the three months ended in Sep. 2024 was $2.6 Mil. BitFuFu's Cost of Goods Sold for the three months ended in Sep. 2024 was $89.4 Mil. Hence, BitFuFu's Days Payable for the three months ended in Sep. 2024 was 2.61.

The historical rank and industry rank for BitFuFu's Days Payable or its related term are showing as below:

FUFU' s Days Payable Range Over the Past 10 Years
Min: 0.57 Med: 12.27 Max: 21.43
Current: 1.73

During the past 4 years, BitFuFu's highest Days Payable was 21.43. The lowest was 0.57. And the median was 12.27.

FUFU's Days Payable is ranked worse than
94.39% of 517 companies
in the Capital Markets industry
Industry Median: 115.91 vs FUFU: 1.73

BitFuFu's Days Payable increased from Sep. 2023 (0.05) to Sep. 2024 (2.61). It may suggest that BitFuFu delayed paying its suppliers.

BitFuFu Days Payable Historical Data

The historical data trend for BitFuFu's Days Payable 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.

* Premium members only.

BitFuFu Days Payable Chart

BitFuFu Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

21.43

12.27

0.57

BitFuFu Quarterly Data
	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial						0.05	0.85	1.03	1.89	2.61

Competitive Comparison of BitFuFu's Days Payable

For the Capital Markets subindustry, BitFuFu's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitFuFu's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitFuFu's Days Payable distribution charts can be found below:

* The bar in red indicates where BitFuFu's Days Payable falls into.

BitFuFu Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

BitFuFu's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.038	+	0.806)	/	2 )	/	271.393	*	365
=	0.422					/	271.393	*	365
=	0.57

BitFuFu's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.94	+	2.177)	/	2 )	/	89.391	*	365 / 4
=	2.5585					/	89.391	*	365 / 4
=	2.61

BitFuFu Days Payable Related Terms

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BitFuFu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098

Website

https://www.bitfufu.com

BitFuFu Inc is a digital asset mining and cloud-mining service provider that fosters a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital assets.