CleanSpark Inc (CLSK)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.99 | 3.49 | 3.33 | 3.79 | 1.75 | |
| Number of days of payables | days | 183.02 | 104.55 | 109.57 | 96.38 | 208.95 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.99
= 183.02
The number of days of payables for CleanSpark Inc. has exhibited notable fluctuations over the period from September 30, 2020, to September 30, 2024.
In September 2020, the company’s payables period was approximately 208.95 days, indicating a relatively extended duration to settle its accounts payable. This figure significantly decreased by September 2021 to approximately 96.38 days, suggesting an improvement in the company’s payment efficiency or a possible change in payment terms or supplier relationships. By September 2022, the payable days increased slightly to around 109.57 days, indicating a modest elongation in payment cycles but still remaining well below the 2020 level.
In the subsequent year, the period slightly decreased again to approximately 104.55 days as of September 2023, maintaining a relatively stable and shorter payable cycle compared to the initial 2020 figure. However, a marked increase occurred by September 2024, with the payable days rising to approximately 183.02 days. This significant elongation indicates that the company is delaying its payments to suppliers for an extended period, approaching the levels observed in 2020 but still below that peak.
Overall, the trend reflects considerable variability, with a notable decline in days payable post-2020, followed by relative stability, and a sharp increase in 2024. These patterns could be indicative of changes in payment policies, supplier negotiations, liquidity position, or strategic payment practices.
Peer comparison
Sep 30, 2024