Bit Digital (Bit Digital) Days Payable : 15.76 (As of Dec. 2023)

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What is Bit Digital Days Payable?

Bit Digital's average Accounts Payable for the three months ended in Dec. 2023 was $1.72 Mil. Bit Digital's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.93 Mil. Hence, Bit Digital's Days Payable for the three months ended in Dec. 2023 was 15.76.

The historical rank and industry rank for Bit Digital's Days Payable or its related term are showing as below:

BTBT' s Days Payable Range Over the Past 10 Years
Min: 22.96 Med: 36.03 Max: 55.87
Current: 22.96

During the past 9 years, Bit Digital's highest Days Payable was 55.87. The lowest was 22.96. And the median was 36.03.

BTBT's Days Payable is ranked worse than
74.48% of 525 companies
in the Capital Markets industry
Industry Median: 95.55 vs BTBT: 22.96

Bit Digital's Days Payable declined from Dec. 2022 (43.49) to Dec. 2023 (15.76). It may suggest that Bit Digital accelerated paying its suppliers.

Bit Digital Days Payable Historical Data

The historical data trend for Bit Digital's Days Payable 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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Bit Digital Days Payable Chart

Bit Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.35

23.60

55.87

36.71

Bit Digital Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															43.49	39.58	18.01	12.96	15.76

Competitive Comparison of Bit Digital's Days Payable

For the Capital Markets subindustry, Bit Digital's Days Payable, along with its competitors' market caps and Days Payable 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.

Bit Digital's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Digital's Days Payable distribution charts can be found below:

* The bar in red indicates where Bit Digital's Days Payable falls into.

Bit Digital Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Bit Digital's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.629	+	2.316)	/	2 )	/	29.556	*	365
=	2.9725					/	29.556	*	365
=	36.71

Bit Digital's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.114	+	2.316)	/	2 )	/	9.931	*	365 / 4
=	1.715					/	9.931	*	365 / 4
=	15.76

Bit Digital Days Payable Related Terms

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Bit Digital (Bit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BTBT:Mexico

Address

33 Irving Place, New York, NY, USA, 10003

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.