Bitdeer Technologies Group (Bitdeer Technologies Group) Receivables Turnover : 5.80 (As of Mar. 2024)

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What is Bitdeer Technologies Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Bitdeer Technologies Group's Revenue for the three months ended in Mar. 2024 was $119.5 Mil. Bitdeer Technologies Group's average Accounts Receivable for the three months ended in Mar. 2024 was $20.6 Mil. Hence, Bitdeer Technologies Group's Receivables Turnover for the three months ended in Mar. 2024 was 5.80.

Bitdeer Technologies Group Receivables Turnover Historical Data

The historical data trend for Bitdeer Technologies Group's Receivables Turnover 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 Receivables Turnover Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

91.55

73.86

24.66

20.56

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								4.32	6.11	5.99	7.37	5.80

Competitive Comparison of Bitdeer Technologies Group's Receivables Turnover

For the Software - Application subindustry, Bitdeer Technologies Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Bitdeer Technologies Group's Receivables Turnover falls into.

Bitdeer Technologies Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Bitdeer Technologies Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	368.554	/ (	(18.379	+	17.464)	/	2 )
=	368.554	/	17.9215
=	20.56

Bitdeer Technologies Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	119.506	/ (	(17.464	+	23.71)	/	2 )
=	119.506	/	20.587
=	5.80

Bitdeer Technologies Group (NAS:BTDR) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Bitdeer Technologies Group Receivables Turnover 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 » Receivables Turnover

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.