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Cipher Mining (Cipher Mining) Days Sales Outstanding : 1.23 (As of Mar. 2024)


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What is Cipher Mining Days Sales Outstanding?

Cipher Mining's average Accounts Receivable for the three months ended in Mar. 2024 was $0.7 Mil. Cipher Mining's Revenue for the three months ended in Mar. 2024 was $48.1 Mil. Hence, Cipher Mining's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.23.

The historical rank and industry rank for Cipher Mining's Days Sales Outstanding or its related term are showing as below:

CIFR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.04   Med: 6.41   Max: 11.78
Current: 1.11

During the past 3 years, Cipher Mining's highest Days Sales Outstanding was 11.78. The lowest was 1.04. And the median was 6.41.

CIFR's Days Sales Outstanding is ranked better than
94.27% of 558 companies
in the Capital Markets industry
Industry Median: 62.115 vs CIFR: 1.11

Cipher Mining's Days Sales Outstanding increased from Mar. 2023 (0.79) to Mar. 2024 (1.23).


Cipher Mining Days Sales Outstanding Historical Data

The historical data trend for Cipher Mining's Days Sales Outstanding 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.

* Premium members only.

Cipher Mining Days Sales Outstanding Chart

Cipher Mining Annual Data
Trend Jan21 Dec22 Dec23
Days Sales Outstanding
- 11.78 1.04

Cipher Mining Quarterly Data
Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.79 0.97 1.11 1.03 1.23

Competitive Comparison of Cipher Mining's Days Sales Outstanding

For the Capital Markets subindustry, Cipher Mining's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.


Cipher Mining's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cipher Mining's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cipher Mining's Days Sales Outstanding falls into.



Cipher Mining Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Cipher Mining's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (0.098 + 0.622) / 2 ) / 126.842*365
=0.36 / 126.842*365
=1.04

Cipher Mining's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding (Q: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (0.622 + 0.68) / 2 ) / 48.137*365 / 4
=0.651 / 48.137*365 / 4
=1.23

* 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.


Cipher Mining  (NAS:CIFR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Cipher Mining Days Sales Outstanding Related Terms

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Cipher Mining (Cipher Mining) Business Description

Traded in Other Exchanges
Address
1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin.
Executives
Bitfury Top Holdco B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Patrick Arthur Kelly officer: Chief Operating Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
William Iwaschuk officer: Chief Legal Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Cary M Grossman director
Robert Flatley director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Tyler Page director, officer: Chief Executive Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, RYE NY 10017
Dykes Robert R B director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
James E Newsome director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Bitfury Group Ltd 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Bitfury Holding B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
V3 Holding Ltd 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Valerijis Vavilovs 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Holly Morrow Evans director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Caitlin Long director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Wesley Hastie Williams director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017