Hut 8 (TSX:HUT) Days Payable : 50.72 (As of Dec. 2024)

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What is Hut 8 Days Payable?

Hut 8's average Accounts Payable for the three months ended in Dec. 2024 was C$16.1 Mil. Hut 8's Cost of Goods Sold for the three months ended in Dec. 2024 was C$28.9 Mil. Hence, Hut 8's Days Payable for the three months ended in Dec. 2024 was 50.72.

The historical rank and industry rank for Hut 8's Days Payable or its related term are showing as below:

TSX:HUT' s Days Payable Range Over the Past 10 Years
Min: 31.37 Med: 41.82 Max: 81.61
Current: 81.61

During the past 4 years, Hut 8's highest Days Payable was 81.61. The lowest was 31.37. And the median was 41.82.

TSX:HUT's Days Payable is ranked worse than
53.64% of 522 companies
in the Capital Markets industry
Industry Median: 114.095 vs TSX:HUT: 81.61

Hut 8's Days Payable increased from Dec. 2023 (20.78) to Dec. 2024 (50.72). It may suggest that Hut 8 delayed paying its suppliers.

Hut 8 Days Payable Historical Data

The historical data trend for Hut 8'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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Hut 8 Days Payable Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

Days Payable

54.29

40.86

30.86

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial										20.78	75.70	139.19	-	50.72

Competitive Comparison of Hut 8's Days Payable

For the Capital Markets subindustry, Hut 8'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.

Hut 8's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hut 8's Days Payable distribution charts can be found below:

* The bar in red indicates where Hut 8's Days Payable falls into.

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Hut 8 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.

Hut 8's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (4.79	+	16.085)	/	2 )	/	123.457	*	365
=	10.4375					/	123.457	*	365
=	30.86

Hut 8's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	16.085)	/	1 )	/	28.94	*	365 / 4
=	16.085					/	28.94	*	365 / 4
=	50.72

Hut 8 Days Payable Related Terms

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Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (TSX:HUT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HUT:USA HUT1:Mexico V71:Germany

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.