Bitdeer Technologies Group (Bitdeer Technologies Group) Days Payable : 29.85 (As of Dec. 2023)

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What is Bitdeer Technologies Group Days Payable?

Bitdeer Technologies Group's average Accounts Payable for the three months ended in Dec. 2023 was $28.7 Mil. Bitdeer Technologies Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $87.8 Mil. Hence, Bitdeer Technologies Group's Days Payable for the three months ended in Dec. 2023 was 29.85.

The historical rank and industry rank for Bitdeer Technologies Group's Days Payable or its related term are showing as below:

BTDR' s Days Payable Range Over the Past 10 Years
Min: 5.33 Med: 24.61 Max: 30.29
Current: 26.56

During the past 5 years, Bitdeer Technologies Group's highest Days Payable was 30.29. The lowest was 5.33. And the median was 24.61.

BTDR's Days Payable is ranked worse than
71.46% of 2526 companies
in the Software industry
Industry Median: 50.42 vs BTDR: 26.56

Bitdeer Technologies Group's Days Payable increased from Dec. 2022 (21.66) to Dec. 2023 (29.85). It may suggest that Bitdeer Technologies Group delayed paying its suppliers.

Bitdeer Technologies Group Days Payable Historical Data

The historical data trend for Bitdeer Technologies Group'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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Bitdeer Technologies Group Days Payable Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

5.33

24.77

24.45

30.29

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							21.66	24.59	19.13	28.57	29.85

Competitive Comparison of Bitdeer Technologies Group's Days Payable

For the Software - Application subindustry, Bitdeer Technologies Group'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.

Bitdeer Technologies Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Bitdeer Technologies Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Bitdeer Technologies Group's Days Payable falls into.

Bitdeer Technologies Group 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.

Bitdeer Technologies Group'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
=	( (15.768	+	32.484)	/	2 )	/	290.745	*	365
=	24.126					/	290.745	*	365
=	30.29

Bitdeer Technologies Group'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
=	( (24.962	+	32.484)	/	2 )	/	87.804	*	365 / 4
=	28.723					/	87.804	*	365 / 4
=	29.85

Bitdeer Technologies Group Days Payable Related Terms

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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitdeer Technologies Group (NAS:BTDR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

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.