Cleanspark (Cleanspark) Days Inventory : 1.59 (As of Dec. 2023)

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What is Cleanspark Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cleanspark's Average Total Inventories for the three months ended in Dec. 2023 was $0.8 Mil. Cleanspark's Cost of Goods Sold for the three months ended in Dec. 2023 was $44.2 Mil. Hence, Cleanspark's Days Inventory for the three months ended in Dec. 2023 was 1.59.

The historical rank and industry rank for Cleanspark's Days Inventory or its related term are showing as below:

CLSK' s Days Inventory Range Over the Past 10 Years
Min: 0.66 Med: 6.36 Max: 11.45
Current: 1.89

During the past 13 years, Cleanspark's highest Days Inventory was 11.45. The lowest was 0.66. And the median was 6.36.

CLSK's Days Inventory is ranked better than
86.18% of 217 companies
in the Capital Markets industry
Industry Median: 60.48 vs CLSK: 1.89

Cleanspark's Days Inventory increased from Dec. 2022 (0.92) to Dec. 2023 (1.59). It might indicate that Cleanspark's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cleanspark's Inventory Turnover for the three months ended in Dec. 2023 was 57.39.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Cleanspark's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Cleanspark Days Inventory Historical Data

The historical data trend for Cleanspark's Days Inventory 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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Cleanspark Days Inventory Chart

Cleanspark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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11.45

11.37

0.66

1.34

Cleanspark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															0.92	2.35	2.62	1.82	1.59

Competitive Comparison of Cleanspark's Days Inventory

For the Capital Markets subindustry, Cleanspark's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Cleanspark's Days Inventory Distribution in the Capital Markets Industry

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

* The bar in red indicates where Cleanspark's Days Inventory falls into.

Cleanspark Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cleanspark's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.216	+	0.809)	/	2 )	/	139.294	*	365
=	0.5125					/	139.294	*	365
=	1.34

Cleanspark's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.809	+	0.732)	/	2 )	/	44.217	*	365 / 4
=	0.7705					/	44.217	*	365 / 4
=	1.59

Cleanspark (NAS:CLSK) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cleanspark's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.217	/	0.7705
	=	57.39

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cleanspark's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7705	/	73.786
	=	0.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Cleanspark Days Inventory Related Terms

Thank you for viewing the detailed overview of Cleanspark's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cleanspark (Cleanspark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cleanspark Inc (NAS:CLSK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CLSK:Mexico 3UX:Germany 3UX:Germany

Address

2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074

Website

https://www.cleanspark.com

Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.

Executives

Larry Mcneill	director	1185 SOUTH 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Gary Anthony Vecchiarelli	officer: Chief Financial Officer	6980 OBANNON DRIVE, LAS VEGAS NV 89117
Roger Paul Beynon	director	P.O. BOX 1268, BOUNTIFUL UT 84011
Thomas Leigh Wood	director	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Amanda Cavaleri	director	2370 CORPORATE CIRCLE, SUITE 160, HENDERSON NV 89074
Zachary Bradford	director, officer: CEO and President	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
S. Matthew Schultz	director, officer: Executive Chairman	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Amer Tadayon	officer: Chief Revenue Officer	1185 S. 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Lori Love	officer: Chief Financial Officer	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Anthony M Vastola	officer: Chief Strategy Officer	70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Amanda Kabak	officer: Chief Technology Officer	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Brian Huber	director, officer: Chief Operating Officer	70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Michael Gary Barrett	officer: COO	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Bruce Lybbert	director, 10 percent owner, officer: Officer	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Burkeley J Priest	director, officer: Pres, Sec, Treas & Director	PO BOX 573633, MURRAY UT 84157