Cathedra Bitcoin (TSXV:CBIT) Days Sales Outstanding : 2.54 (As of Dec. 2023)

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What is Cathedra Bitcoin Days Sales Outstanding?

Cathedra Bitcoin's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.09 Mil. Cathedra Bitcoin's Revenue for the three months ended in Dec. 2023 was C$3.25 Mil. Hence, Cathedra Bitcoin's Days Sales Outstanding for the three months ended in Dec. 2023 was 2.54.

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

TSXV:CBIT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.53 Med: 4.63 Max: 6.4
Current: 5.76

During the past 12 years, Cathedra Bitcoin's highest Days Sales Outstanding was 6.40. The lowest was 2.53. And the median was 4.63.

TSXV:CBIT's Days Sales Outstanding is not ranked
in the Capital Markets industry.
Industry Median: 62.85 vs TSXV:CBIT: 5.76

Cathedra Bitcoin's Days Sales Outstanding declined from Sep. 2022 (40.19) to Dec. 2023 (2.54).

Cathedra Bitcoin Days Sales Outstanding Historical Data

The historical data trend for Cathedra Bitcoin'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.

Cathedra Bitcoin Days Sales Outstanding Chart

Cathedra Bitcoin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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6.40

2.53

5.14

4.11

Cathedra Bitcoin Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															40.19	33.93	7.37	4.31	2.54

Competitive Comparison of Cathedra Bitcoin's Days Sales Outstanding

For the Capital Markets subindustry, Cathedra Bitcoin'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.

Cathedra Bitcoin's Days Sales Outstanding Distribution in the Capital Markets Industry

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

* The bar in red indicates where Cathedra Bitcoin's Days Sales Outstanding falls into.

Cathedra Bitcoin 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.

Cathedra Bitcoin'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
=	( (0.158	+	0.088)	/	2 )	/	10.925	*	365
=	0.123					/	10.925	*	365
=	4.11

Cathedra Bitcoin's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.093	+	0.088)	/	2 )	/	3.254	*	365 / 4
=	0.0905					/	3.254	*	365 / 4
=	2.54

Cathedra Bitcoin (TSXV:CBIT) Days Sales Outstanding Explanation

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

Cathedra Bitcoin Days Sales Outstanding Related Terms

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Cathedra Bitcoin (TSXV:CBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cathedra Bitcoin Inc (TSXV:CBIT) » Definitions » Days Sales Outstanding

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CBTTF:USA FB00:Germany

Address

320 - 638 Broughton Street, Vancouver, BC, CAN, V6G 3K3

Website

https://www.cathedra.com

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.

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