BitMine Immersion Technologies (BitMine Immersion Technologies) Accounts Receivable : $0.00 Mil (As of Feb. 2024)

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What is BitMine Immersion Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BitMine Immersion Technologies's accounts receivables for the quarter that ended in Feb. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BitMine Immersion Technologies's Days Sales Outstanding for the quarter that ended in Feb. 2024 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. BitMine Immersion Technologies's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.05.

BitMine Immersion Technologies Accounts Receivable Historical Data

The historical data trend for BitMine Immersion Technologies'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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BitMine Immersion Technologies Accounts Receivable Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Accounts Receivable

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial				-	-	-	-	-

BitMine Immersion Technologies Accounts Receivable Calculation

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

BitMine Immersion Technologies 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.

BitMine Immersion Technologies's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.892	*	91
=	0.00

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

BitMine Immersion Technologies's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 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)
=	(0.342	+	0.75 * 0	+	0.5 * 0	-	2.868
-	0	-	0)	/	49.8217
=	-0.05

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.

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.