Bitfarms (STU:1B2) Days Payable : 17.30 (As of Dec. 2023)

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What is Bitfarms Days Payable?

Bitfarms's average Accounts Payable for the three months ended in Dec. 2023 was €7.7 Mil. Bitfarms's Cost of Goods Sold for the three months ended in Dec. 2023 was €40.8 Mil. Hence, Bitfarms's Days Payable for the three months ended in Dec. 2023 was 17.30.

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

STU:1B2' s Days Payable Range Over the Past 10 Years
Min: 22.59 Med: 40.27 Max: 55.14
Current: 22.59

During the past 7 years, Bitfarms's highest Days Payable was 55.14. The lowest was 22.59. And the median was 40.27.

STU:1B2's Days Payable is ranked worse than
75.19% of 524 companies
in the Capital Markets industry
Industry Median: 100.09 vs STU:1B2: 22.59

Bitfarms's Days Payable declined from Dec. 2022 (26.27) to Dec. 2023 (17.30). It may suggest that Bitfarms accelerated paying its suppliers.

Bitfarms Days Payable Historical Data

The historical data trend for Bitfarms'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.

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Bitfarms Days Payable Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.78

26.16

51.25

36.63

24.30

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.27	29.65	24.58	18.65	17.30

Competitive Comparison of Bitfarms's Days Payable

For the Capital Markets subindustry, Bitfarms'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.

Bitfarms's Days Payable Distribution in the Capital Markets Industry

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

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

Bitfarms 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.

Bitfarms'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
=	( (12.175	+	8.324)	/	2 )	/	153.935	*	365
=	10.2495					/	153.935	*	365
=	24.30

Bitfarms's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.141	+	8.324)	/	2 )	/	40.792	*	365 / 4
=	7.7325					/	40.792	*	365 / 4
=	17.30

Bitfarms Days Payable Related Terms

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Bitfarms (STU:1B2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (STU:1B2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BITF:USA BITF:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.

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