Greenidge Generation Holdings (Greenidge Generation Holdings) Accounts Receivable : $0.36 Mil (As of Dec. 2023)

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What is Greenidge Generation Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greenidge Generation Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $0.36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greenidge Generation Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greenidge Generation Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.90.

Greenidge Generation Holdings Accounts Receivable Historical Data

The historical data trend for Greenidge Generation Holdings'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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Greenidge Generation Holdings Accounts Receivable Chart

Greenidge Generation Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.39

0.24

2.70

0.36

Greenidge Generation Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial											2.70	0.04	0.18	0.28	0.36

Greenidge Generation Holdings Accounts Receivable Calculation

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

Greenidge Generation Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.358	/	19.642	*	91
=	1.66

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

Greenidge Generation Holdings'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)
=	(13.312	+	0.75 * 0.358	+	0.5 * 0	-	122.203
-	0	-	0)	/	9.13125
=	-11.90

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.

Greenidge Generation Holdings Accounts Receivable Related Terms

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Greenidge Generation Holdings (Greenidge Generation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenidge Generation Holdings Inc. (NAS:GREE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Rennell Drive, 3rd Floor, Fairfield, CT, USA, 06890

Website

https://www.greenidge.com

Greenidge Generation Holdings Inc. owns and operates a vertically integrated cryptocurrency data center and power generation company. The Company owns and operates facilities at two locations: the Town of Torrey, New York and Spartanburg, South Carolina. The Company's cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The Company also owns and operates a 106MW power facility that is connected to the New York Independent System Operator (NYISO) power grid.

Executives

Jordan Kovler	director	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 05890
Christian Mulvihill	officer: Chief Financial Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Michael P Neuscheler	director	C/O I3 MOBILE INC, 181 HARBOR DRIVE, STAMFORD CT 06902
Daniel Rothaupt	director	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Atlas Capital Gp Lp	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Resources Gp Llc	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	director, 10 percent owner
Timothy J Fazio	director, 10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Robert Loughran	officer: Accounting Officer	C/O AVON PRODUCTS, INC., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Scott J. Mackenzie	officer: Chief Strategy Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
David Carl Anderson	director, officer: Chief Executive Officer (CEO)	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Terence A. Burke	officer: General Counsel	590 PLANT ROAD, DRESDEN NY 14441
C Clark Webb	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Rha Investments, Inc.	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225