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Cathedra Bitcoin (TSXV:CBIT) Accounts Receivable : C$0.09 Mil (As of Mar. 2024)


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What is Cathedra Bitcoin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cathedra Bitcoin's accounts receivables for the quarter that ended in Mar. 2024 was C$0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cathedra Bitcoin's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cathedra Bitcoin's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.04.


Cathedra Bitcoin Accounts Receivable Historical Data

The historical data trend for Cathedra Bitcoin'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.

* Premium members only.

Cathedra Bitcoin Accounts Receivable Chart

Cathedra Bitcoin Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.09 0.16 0.09

Cathedra Bitcoin Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.17 0.09 0.09 0.09

Cathedra Bitcoin Accounts Receivable Calculation

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


Cathedra Bitcoin 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.09/4.123*91
=1.99

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

Cathedra Bitcoin's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.833+0.75 * 0.09+0.5 * 0-9.905
-0-0)/237.199
=-0.04

* 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.


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.


Cathedra Bitcoin Accounts Receivable Related Terms

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Cathedra Bitcoin (TSXV:CBIT) Business Description

Traded in Other Exchanges
Address
320 - 638 Broughton Street, Vancouver, BC, CAN, V6G 3K3
Cathedra Bitcoin Inc is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 355 PH/s across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.
Executives
Thomas Armstrong Director, Senior Officer

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