BitFuFu (BitFuFu) Receivables Turnover : 29.77 (As of Dec. 2023)

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What is BitFuFu 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. BitFuFu's Revenue for the six months ended in Dec. 2023 was $149.9 Mil. BitFuFu's average Accounts Receivable for the six months ended in Dec. 2023 was $5.0 Mil. Hence, BitFuFu's Receivables Turnover for the six months ended in Dec. 2023 was 29.77.

BitFuFu Receivables Turnover Historical Data

The historical data trend for BitFuFu'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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BitFuFu Receivables Turnover Chart

BitFuFu Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.32

21.25

56.21

BitFuFu Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			6.11	8.54	17.86	21.48	29.77

Competitive Comparison of BitFuFu's Receivables Turnover

For the Capital Markets subindustry, BitFuFu'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.

BitFuFu's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitFuFu's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BitFuFu's Receivables Turnover falls into.

BitFuFu Receivables Turnover Calculation

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

BitFuFu'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 )
=	284.106	/ (	(6.27	+	3.838)	/	2 )
=	284.106	/	5.054
=	56.21

BitFuFu's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	149.869	/ (	(6.23	+	3.838)	/	2 )
=	149.869	/	5.034
=	29.77

BitFuFu (NAS:FUFU) 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.

BitFuFu Receivables Turnover Related Terms

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BitFuFu (BitFuFu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098

Website

BitFuFu Inc is a digital asset mining service and cloud-mining service provider, dedicated to fostering a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset.

BitFuFu (BitFuFu) Headlines

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