BitMine Immersion Technologies (BitMine Immersion Technologies) Change In Receivables : $0.14 Mil (TTM As of Feb. 2024)

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What is BitMine Immersion Technologies Change In Receivables?

BitMine Immersion Technologies's change in receivables for the quarter that ended in Feb. 2024 was $0.09 Mil. It means BitMine Immersion Technologies's Accounts Receivable declined by $0.09 Mil from Nov. 2023 to Feb. 2024 .

BitMine Immersion Technologies's change in receivables for the fiscal year that ended in Aug. 2023 was $-0.12 Mil. It means BitMine Immersion Technologies's Accounts Receivable increased by $0.12 Mil from Aug. 2022 to Aug. 2023 .

BitMine Immersion Technologies's Accounts Receivable for the quarter that ended in Feb. 2024 was $0.00 Mil.

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 Receivable are being managed. BitMine Immersion Technologies's Days Sales Outstanding for the three months ended in Feb. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BitMine Immersion Technologies's liquidation value for the three months ended in Feb. 2024 was $-2.53 Mil.

BitMine Immersion Technologies Change In Receivables Historical Data

The historical data trend for BitMine Immersion Technologies's Change In Receivables 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 Change In Receivables Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Change In Receivables

-1.02

-0.12

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial				0.56	-0.79	0.74	0.09	0.09

BitMine Immersion Technologies Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.14 Mil.

BitMine Immersion Technologies (OTCPK:BMNR) Change In Receivables 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 Receivable 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 liquidation value, BitMine Immersion Technologies's accounts receivable are only considered to be worth 75% of book value:

BitMine Immersion Technologies's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.342	-	2.868	+	0.75 * 0	+	0.5 * 0
=	-2.53

BitMine Immersion Technologies Change In Receivables Related Terms

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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 » Change In Receivables

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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.