Bit Mining Stock Return On Asset
| BTCM Stock | USD 2.80 0.05 1.75% |
BIT Mining fundamentals help investors to digest information that contributes to BIT Mining's financial success or failures. It also enables traders to predict the movement of BIT Stock. The fundamental analysis module provides a way to measure BIT Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BIT Mining stock.
As of the 23rd of January 2025, Return On Assets is likely to drop to -0.48. BIT | Return On Asset |
BIT Mining Company Return On Asset Analysis
BIT Mining's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current BIT Mining Return On Asset | -0.19 |
Most of BIT Mining's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BIT Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
BIT Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for BIT Mining is extremely important. It helps to project a fair market value of BIT Stock properly, considering its historical fundamentals such as Return On Asset. Since BIT Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of BIT Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of BIT Mining's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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BIT Total Assets
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Based on the latest financial disclosure, BIT Mining has a Return On Asset of -0.1919. This is 93.36% lower than that of the Software sector and 111.16% lower than that of the Information Technology industry. The return on asset for all United States stocks is 37.07% higher than that of the company.
BIT Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BIT Mining's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BIT Mining could also be used in its relative valuation, which is a method of valuing BIT Mining by comparing valuation metrics of similar companies.BIT Mining is currently under evaluation in return on asset category among its peers.
BIT Mining ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, BIT Mining's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to BIT Mining's managers, analysts, and investors.Environmental | Governance | Social |
BIT Fundamentals
| Return On Equity | -0.43 | ||||
| Return On Asset | -0.19 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 43.73 M | ||||
| Shares Outstanding | 15.23 M | ||||
| Shares Owned By Insiders | 2.55 % | ||||
| Shares Owned By Institutions | 2.57 % | ||||
| Number Of Shares Shorted | 127.66 K | ||||
| Price To Book | 0.93 X | ||||
| Price To Sales | 1.03 X | ||||
| Revenue | 43.1 M | ||||
| Gross Profit | 6.06 M | ||||
| EBITDA | (12.82 M) | ||||
| Net Income | (28.71 M) | ||||
| Cash And Equivalents | 22.56 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 4.22 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.60 X | ||||
| Book Value Per Share | 3.98 X | ||||
| Cash Flow From Operations | (28.41 M) | ||||
| Short Ratio | 0.54 X | ||||
| Earnings Per Share | (2.00) X | ||||
| Number Of Employees | 75 | ||||
| Beta | 2.51 | ||||
| Market Capitalization | 42.65 M | ||||
| Total Asset | 72.6 M | ||||
| Retained Earnings | (570.88 M) | ||||
| Working Capital | (11.07 M) | ||||
| Net Asset | 72.6 M |
About BIT Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BIT Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BIT Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BIT Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.00) | Revenue Per Share | Quarterly Revenue Growth (0.87) | Return On Assets | Return On Equity |
The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.