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Bitdeer Technologies Group (Bitdeer Technologies Group) Accounts Receivable : $23.7 Mil (As of Mar. 2024)


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What is Bitdeer Technologies Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bitdeer Technologies Group's accounts receivables for the quarter that ended in Mar. 2024 was $23.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bitdeer Technologies Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 18.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bitdeer Technologies Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.38.


Bitdeer Technologies Group Accounts Receivable Historical Data

The historical data trend for Bitdeer Technologies Group'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.

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Bitdeer Technologies Group Accounts Receivable Chart

Bitdeer Technologies Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 2.04 8.65 18.38 17.46

Bitdeer Technologies Group Quarterly Data
Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 15.25 15.44 13.71 17.46 23.71

Bitdeer Technologies Group Accounts Receivable Calculation

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


Bitdeer Technologies Group 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.

Bitdeer Technologies Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=23.71/119.506*91
=18.10

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

Bitdeer Technologies Group'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)
=(118.461+0.75 * 23.71+0.5 * 0-299.617
-0-0)/118.109
=-1.38

* 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.


Bitdeer Technologies Group Accounts Receivable Related Terms

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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Traded in Other Exchanges
N/A
Address
08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509
Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.