Gryphon Digital Mining (Gryphon Digital Mining) Receivables Turnover : 23.65 (As of Dec. 2023)

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What is Gryphon Digital Mining 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. Gryphon Digital Mining's Revenue for the six months ended in Dec. 2023 was $6.84 Mil. Gryphon Digital Mining's average Accounts Receivable for the six months ended in Dec. 2023 was $0.29 Mil. Hence, Gryphon Digital Mining's Receivables Turnover for the six months ended in Dec. 2023 was 23.65.

Gryphon Digital Mining Receivables Turnover Historical Data

The historical data trend for Gryphon Digital Mining'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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Gryphon Digital Mining Receivables Turnover Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

30.93

38.03

23.65

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	30.93	38.03	23.65

Competitive Comparison of Gryphon Digital Mining's Receivables Turnover

For the Capital Markets subindustry, Gryphon Digital Mining'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.

Gryphon Digital Mining's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Receivables Turnover distribution charts can be found below:

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

Gryphon Digital Mining Receivables Turnover Calculation

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

Gryphon Digital Mining'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 )
=	6.836	/ (	(0.43	+	0.148)	/	2 )
=	6.836	/	0.289
=	23.65

Gryphon Digital Mining's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.836	/ (	(0.43	+	0.148)	/	2 )
=	6.836	/	0.289
=	23.65

Gryphon Digital Mining (NAS:GRYP) 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.

Gryphon Digital Mining Receivables Turnover Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

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