Bit Origin (Bit Origin) Total Assets : $13.47 Mil (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Bit Origin Total Assets?

Bit Origin's Total Assets for the quarter that ended in Dec. 2023 was $13.47 Mil.

During the past 12 months, Bit Origin's average Total Assets Growth Rate was -82.00% per year. During the past 3 years, the average Total Assets Growth Rate was -40.20% per year. During the past 5 years, the average Total Assets Growth Rate was -15.70% per year.

During the past 8 years, Bit Origin's highest 3-Year average Total Assets Growth Rate was 32.10%. The lowest was -40.20%. And the median was -1.60%.

Total Assets is connected with ROA %. Bit Origin's annualized ROA % for the quarter that ended in Dec. 2023 was -105.34%. Total Assets is also linked to Revenue through Asset Turnover. Bit Origin's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Bit Origin Total Assets Historical Data

The historical data trend for Bit Origin's Total Assets 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.

Bit Origin Total Assets Chart

Bit Origin Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

Get a 7-Day Free Trial

51.35

63.35

40.88

34.96

13.34

Bit Origin Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											29.25	34.96	36.56	13.34	13.47

Bit Origin Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bit Origin's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	10.261	+	3.075
	=	13.34

Bit Origin's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	8.954	+	4.512
	=	13.47

Bit Origin (NAS:BTOG) Total Assets Explanation

Total Assets is connected with ROA %.

Bit Origin's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-14.116	/	( (13.336	+	13.465)	/ 2 )
	=	-14.116	/	13.4005
	=	-105.34 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bit Origin's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	2.888	/	( (13.336	+	13.465)	/ 2 )
=	2.888	/	13.4005
=	0.22

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bit Origin Total Assets Related Terms

Thank you for viewing the detailed overview of Bit Origin's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Origin (Bit Origin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Origin Ltd (NAS:BTOG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Church Street, 27 Floor, Samsung Hub, Singapore, SGP, 049483

Website

https://bitorigin.io

Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.