Abits Group (Abits Group) Accounts Receivable : $0.00 Mil (As of Dec. 2023)

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What is Abits Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Abits Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Abits Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Abits Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.00.

Abits Group Accounts Receivable Historical Data

The historical data trend for Abits Group's Accounts Receivable 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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Abits Group Accounts Receivable Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Accounts Receivable

1.46

0.23

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.23	0.65	-	-	-

Abits Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Abits Group Accounts Receivable 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 receivables are being managed.

Abits Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	1.674	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Abits Group's accounts receivable are only considered to be worth 75% of book value:

Abits Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.884	+	0.75 * 0	+	0.5 * 0	-	1.006
-	0.005	-	0)	/	35.5547
=	-0.00

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Abits Group Accounts Receivable Related Terms

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Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000