Cipher Mining (Cipher Mining) Days Payable : 23.02 (As of Mar. 2024)

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What is Cipher Mining Days Payable?

Cipher Mining's average Accounts Payable for the three months ended in Mar. 2024 was $7.0 Mil. Cipher Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was $27.9 Mil. Hence, Cipher Mining's Days Payable for the three months ended in Mar. 2024 was 23.02.

The historical rank and industry rank for Cipher Mining's Days Payable or its related term are showing as below:

CIFR' s Days Payable Range Over the Past 10 Years
Min: 37.57 Med: 2162.48 Max: 4238.25
Current: 37.57

During the past 3 years, Cipher Mining's highest Days Payable was 4238.25. The lowest was 37.57. And the median was 2162.48.

CIFR's Days Payable is ranked worse than
66.98% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs CIFR: 37.57

Cipher Mining's Days Payable declined from Mar. 2023 (67.24) to Mar. 2024 (23.02). It may suggest that Cipher Mining accelerated paying its suppliers.

Cipher Mining Days Payable Historical Data

The historical data trend for Cipher Mining'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.

* Premium members only.

Cipher Mining Days Payable Chart

Cipher Mining Annual Data

Trend

Jan21

Dec22

Dec23

Days Payable

4,238.25

86.71

Cipher Mining Quarterly Data
	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						67.24	45.51	34.25	43.57	23.02

Competitive Comparison of Cipher Mining's Days Payable

For the Capital Markets subindustry, Cipher Mining'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.

Cipher Mining's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Cipher Mining's Days Payable falls into.

Cipher Mining 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.

Cipher Mining'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
=	( (17.369	+	6.534)	/	2 )	/	50.309	*	365
=	11.9515					/	50.309	*	365
=	86.71

Cipher Mining's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6.534	+	7.52)	/	2 )	/	27.856	*	365 / 4
=	7.027					/	27.856	*	365 / 4
=	23.02

Cipher Mining Days Payable Related Terms

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Cipher Mining (Cipher Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cipher Mining Inc (NAS:CIFR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3A9:Germany

Address

1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017

Website

https://www.ciphermining.com

Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin.

Executives

Bitfury Top Holdco B.v.	10 percent owner	STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Patrick Arthur Kelly	officer: Chief Operating Officer	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
William Iwaschuk	officer: Chief Legal Officer	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Cary M Grossman	director
Robert Flatley	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Tyler Page	director, officer: Chief Executive Officer	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, RYE NY 10017
Dykes Robert R B	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
James E Newsome	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Bitfury Group Ltd	10 percent owner	STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Bitfury Holding B.v.	10 percent owner	STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
V3 Holding Ltd	10 percent owner	C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Valerijis Vavilovs	10 percent owner	C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Holly Morrow Evans	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Caitlin Long	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Wesley Hastie Williams	director	C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017