BitFuFu (BitFuFu) Accounts Receivable : $3.8 Mil (As of Dec. 2023)

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What is BitFuFu Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BitFuFu's accounts receivables for the quarter that ended in Dec. 2023 was $3.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BitFuFu's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BitFuFu's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.97.

BitFuFu Accounts Receivable Historical Data

The historical data trend for BitFuFu'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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BitFuFu Accounts Receivable Chart

BitFuFu Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

12.39

6.27

3.84

BitFuFu Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			12.39	6.77	6.27	6.23	3.84

BitFuFu Accounts Receivable Calculation

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

BitFuFu 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.838	/	149.869	*	91
=	4.67

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

BitFuFu's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(32.005	+	0.75 * 3.838	+	0.5 * 0	-	192.699
-	0	-	0)	/	162.902
=	-0.97

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.

BitFuFu Accounts Receivable Related Terms

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BitFuFu (BitFuFu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098

Website

BitFuFu Inc is a digital asset mining service and cloud-mining service provider, dedicated to fostering a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset.

BitFuFu (BitFuFu) Headlines

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