CleanSpark Inc (CLSK)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 28.17 | 9.77 | 2.68 | 3.31 | 3.57 | 4.30 | 1.83 | 4.42 | 3.78 | 3.76 | 3.66 | 3.07 | 1.06 | 0.77 | 1.61 | 0.52 | 2.36 | 2.83 | 1.74 | 6.39 | |
| Number of days of payables | days | 12.96 | 37.38 | 135.97 | 110.26 | 102.25 | 84.97 | 199.89 | 82.49 | 96.59 | 97.07 | 99.76 | 118.82 | 343.81 | 474.80 | 226.46 | 698.45 | 154.95 | 128.83 | 210.01 | 57.11 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.17
= 12.96
The number of days of payables for CleanSpark Inc. exhibits significant fluctuations over the analyzed period. At the end of June 2020, the days payable stood at 57.11 days, indicating relatively prompt payments to suppliers. This figure increased sharply by September 2020 to 210.01 days, suggesting a notable delay or extension in payment cycles during this period.
Throughout 2021, the days payable continued to display volatility, with values such as 128.83 days at the end of December 2020, rising to 154.95 days in March 2021, and reaching an exceptionally high of 698.45 days at the end of June 2021. The extended duration in June 2021 reflects a substantial slowdown in accounts payable turnover, potentially indicating difficulties in settling obligations or strategic extension of payment terms.
Following this peak, the days payable decreased but remained elevated relative to initial levels, with 226.46 days as of September 2021 and 474.80 days at year-end 2021. The trend persisted into March 2022 with 343.81 days, followed by a further decline to 118.82 days at the end of June 2022, and stabilization near 100 days through late 2022 and early 2023.
From mid-2023 onwards, there is a notable reduction, with 82.49 days at the end of June 2023, but the figure increased again to approximately 199.89 days by September 2023. The decline resumes at the year's end, with 84.97 days in December 2023, and further decreases to 37.38 days in December 2024. The most recent data point for March 2025 indicates a sharp decrease to 12.96 days, suggesting a significant acceleration in payments to suppliers.
Overall, the company's days payable exhibit substantial variability, with periods of both extended and shortened payment cycles. The data indicates an initial phase of delayed payables, possibly due to strategic or operational factors, followed by periods of normalization and then a pronounced tightening of payment terms toward the latest periods analyzed.
Peer comparison
Mar 31, 2025