BTCT (BTC Digital) Receivables Turnover : 2.40 (As of Sep. 2024)

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What is BTC Digital Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. BTC Digital's Revenue for the three months ended in Sep. 2024 was $2.56 Mil. BTC Digital's average Accounts Receivable for the three months ended in Sep. 2024 was $1.07 Mil. Hence, BTC Digital's Receivables Turnover for the three months ended in Sep. 2024 was 2.40.

BTC Digital Receivables Turnover Historical Data

The historical data trend for BTC Digital's Receivables Turnover 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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BTC Digital Receivables Turnover Chart

BTC Digital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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92.92

1.33

1.26

BTC Digital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.15	0.17	0.73	2.15	2.40

Competitive Comparison of BTC Digital's Receivables Turnover

For the Computer Hardware subindustry, BTC Digital's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

BTC Digital's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BTC Digital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BTC Digital's Receivables Turnover falls into.

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BTC Digital Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

BTC Digital's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	9.073	/ (	(8.902	+	5.485)	/	2 )
=	9.073	/	7.1935
=	1.26

BTC Digital's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2.559	/ (	(0.441	+	1.692)	/	2 )
=	2.559	/	1.0665
=	2.40

BTC Digital (NAS:BTCT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

BTC Digital Receivables Turnover Related Terms

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BTC Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BTC Digital Ltd (NAS:BTCT) » Definitions » Receivables Turnover

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Address

2nd Shenyun West Road, 3rd Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://btct.investorroom.com

BTC Digital Ltd is a crypto asset technology company based in the U.S. with a focus on bitcoin mining. The company also generates revenue through mining machine resale and rental business operations.