Source item

$CRWV’s capital employed averaged $19.2B in the 2Q. D&A plus lease amortization was $637M in the Q, or $2,548M annualized. That’s 7.5 year life, for predominantly GPU’s. Adjusted EBITDA was $3.0B, annualized. Draw your own conclusions. (2) Also, Days Receivable at 112 (!) days, seems a bit stretched for a rental business. Almost four months. $CRWV