Iris Energy (Iris Energy) Days Payable : 305.78 (As of Dec. 2023)

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What is Iris Energy Days Payable?

Iris Energy's average Accounts Payable for the three months ended in Dec. 2023 was $14.52 Mil. Iris Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.33 Mil. Hence, Iris Energy's Days Payable for the three months ended in Dec. 2023 was 305.78.

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

IREN' s Days Payable Range Over the Past 10 Years
Min: 106.49 Med: 275.29 Max: 1310.88
Current: 1310.88

During the past 4 years, Iris Energy's highest Days Payable was 1310.88. The lowest was 106.49. And the median was 275.29.

IREN's Days Payable is ranked better than
83.78% of 524 companies
in the Capital Markets industry
Industry Median: 96.58 vs IREN: 1310.88

Iris Energy's Days Payable declined from Mar. 2022 (381.22) to Dec. 2023 (305.78). It may suggest that Iris Energy accelerated paying its suppliers.

Iris Energy Days Payable Historical Data

The historical data trend for Iris Energy'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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Iris Energy Days Payable Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Payable

297.95

106.49

337.53

252.63

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							381.22	257.09	346.67	-	305.78

Competitive Comparison of Iris Energy's Days Payable

For the Capital Markets subindustry, Iris Energy'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.

Iris Energy's Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where Iris Energy's Days Payable falls into.

Iris Energy 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.

Iris Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (13.23	+	11.544)	/	2 )	/	17.897	*	365
=	12.387					/	17.897	*	365
=	252.63

Iris Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (11.544	+	17.503)	/	2 )	/	4.334	*	365 / 4
=	14.5235					/	4.334	*	365 / 4
=	305.78

Iris Energy Days Payable Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.