Iris Energy (Iris Energy) Days Sales Outstanding : 1.38 (As of Dec. 2023)

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What is Iris Energy Days Sales Outstanding?

Iris Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $0.64 Mil. Iris Energy's Revenue for the three months ended in Dec. 2023 was $42.05 Mil. Hence, Iris Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.38.

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

IREN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0 Med: 0 Max: 5.51
Current: 5.51

During the past 4 years, Iris Energy's highest Days Sales Outstanding was 5.51. The lowest was 0.00. And the median was 0.00.

IREN's Days Sales Outstanding is ranked better than
88.67% of 556 companies
in the Capital Markets industry
Industry Median: 62.34 vs IREN: 5.51

Iris Energy's Days Sales Outstanding increased from Mar. 2022 (0.00) to Dec. 2023 (1.38).

Iris Energy Days Sales Outstanding Historical Data

The historical data trend for Iris Energy's Days Sales Outstanding 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 Sales Outstanding Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial							-	-	-	-	1.38

Competitive Comparison of Iris Energy's Days Sales Outstanding

For the Capital Markets subindustry, Iris Energy's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Capital Markets Industry

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

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

Iris Energy Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	75.509	*	365
=	0					/	75.509	*	365
=	0.00

Iris Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0.635)	/	1 )	/	42.047	*	365 / 4
=	0.635					/	42.047	*	365 / 4
=	1.38

Iris Energy (NAS:IREN) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Iris Energy Days Sales Outstanding 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 Sales Outstanding

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.