Abits Group (Abits Group) Net Margin % : -543.73% (As of Dec. 2023)

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What is Abits Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Abits Group's Net Income for the six months ended in Dec. 2023 was $-9.10 Mil. Abits Group's Revenue for the six months ended in Dec. 2023 was $1.67 Mil. Therefore, Abits Group's net margin for the quarter that ended in Dec. 2023 was -543.73%.

The historical rank and industry rank for Abits Group's Net Margin % or its related term are showing as below:

ABTS' s Net Margin % Range Over the Past 10 Years
Min: -13121.95 Med: -749.41 Max: 81.08
Current: -749.85

ABTS's Net Margin % is ranked worse than
97.04% of 777 companies
in the Capital Markets industry
Industry Median: 13.69 vs ABTS: -749.85

Abits Group Net Margin % Historical Data

The historical data trend for Abits Group's Net Margin % 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.

* Premium members only.

Abits Group Net Margin % Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Net Margin %

81.08

7.72

-1,251.14

-13,121.95

-749.41

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial			-55,650.00	-2,305.00	-16,611.29	-50,042.86	-543.73

Competitive Comparison of Abits Group's Net Margin %

For the Capital Markets subindustry, Abits Group's Net Margin %, along with its competitors' market caps and Net Margin % 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.

Abits Group's Net Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Abits Group's Net Margin % falls into.

Abits Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Abits Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-12.605	/	1.682
	=	-749.41 %

Abits Group's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-9.102	/	1.674
	=	-543.73 %

Abits Group (NAS:ABTS) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Abits Group Net Margin % Related Terms

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Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000