Bitfarms Net Invested Capital vs Common Stock Analysis

BITF Stock

USD 1.75 0.01 0.57%

Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Net Invested Capital and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

Net Invested Capital vs Common Stock

Net Invested Capital vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Net Invested Capital account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Bitfarms' Net Invested Capital and Common Stock is 0.84. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Net Invested Capital and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Bitfarms are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Invested Capital i.e., Bitfarms' Net Invested Capital and Common Stock go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock

Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Enterprise Value Multiple is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	48.1M	49.3M	46.0M	29.3M
Cost Of Revenue	58.4M	131.9M	170.9M	179.5M

Total Operating Expenses Cost Of Revenue

Bitfarms fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.61	0.99	1.0	0.86	0.96	0.95	-0.49	-0.59	0.86	0.92	0.96	0.91	0.53	0.89	0.76	0.6	0.8	0.74	0.98	1.0	0.94	0.84	-0.37	0.86	0.79
Other Current Liab	0.61		0.61	0.61	0.35	0.76	0.58	-0.82	-0.85	0.48	0.78	0.63	0.75	0.08	0.75	0.48	0.46	0.2	0.76	0.61	0.57	0.52	0.43	0.01	0.88	0.88
Total Current Liabilities	0.99	0.61		0.98	0.83	0.95	0.95	-0.44	-0.59	0.83	0.9	0.95	0.89	0.54	0.88	0.75	0.55	0.78	0.81	0.99	0.98	0.92	0.8	-0.43	0.86	0.79
Total Stockholder Equity	1.0	0.61	0.98		0.87	0.96	0.94	-0.52	-0.57	0.87	0.92	0.96	0.91	0.51	0.88	0.73	0.63	0.81	0.72	0.97	1.0	0.95	0.85	-0.32	0.85	0.78
Other Liab	0.86	0.35	0.83	0.87		0.81	0.68	-0.5	-0.15	0.64	0.86	0.69	0.88	0.21	0.53	0.5	0.48	0.98	0.5	0.79	0.88	0.97	0.97	-0.16	0.57	0.44
Net Tangible Assets	0.96	0.76	0.95	0.96	0.81		0.92	-0.62	-0.7	0.84	0.96	0.93	0.95	0.47	0.87	0.74	0.59	0.72	0.79	0.94	0.96	0.9	0.8	-0.28	0.94	0.89
Property Plant And Equipment Net	0.95	0.58	0.95	0.94	0.68	0.92		-0.31	-0.72	0.93	0.79	1.0	0.77	0.75	0.93	0.81	0.59	0.63	0.75	0.96	0.94	0.79	0.63	-0.47	0.89	0.86
Net Debt	-0.49	-0.82	-0.44	-0.52	-0.5	-0.62	-0.31		0.46	-0.3	-0.75	-0.39	-0.75	0.33	-0.46	-0.13	-0.51	-0.35	-0.51	-0.39	-0.47	-0.57	-0.61	-0.38	-0.6	-0.55
Retained Earnings	-0.59	-0.85	-0.59	-0.57	-0.15	-0.7	-0.72	0.46		-0.66	-0.58	-0.74	-0.53	-0.52	-0.84	-0.58	-0.49	-0.02	-0.75	-0.62	-0.55	-0.34	-0.16	0.21	-0.9	-0.95
Accounts Payable	0.86	0.48	0.83	0.87	0.64	0.84	0.93	-0.3	-0.66		0.68	0.92	0.66	0.74	0.84	0.6	0.79	0.56	0.66	0.82	0.86	0.69	0.55	-0.2	0.8	0.78
Cash	0.92	0.78	0.9	0.92	0.86	0.96	0.79	-0.75	-0.58	0.68		0.82	1.0	0.22	0.77	0.64	0.53	0.77	0.76	0.88	0.91	0.93	0.88	-0.17	0.87	0.79
Non Current Assets Total	0.96	0.63	0.95	0.96	0.69	0.93	1.0	-0.39	-0.74	0.92	0.82		0.8	0.69	0.96	0.8	0.63	0.63	0.76	0.96	0.95	0.82	0.66	-0.43	0.91	0.88
Cash And Short Term Investments	0.91	0.75	0.89	0.91	0.88	0.95	0.77	-0.75	-0.53	0.66	1.0	0.8		0.19	0.75	0.62	0.51	0.79	0.73	0.87	0.91	0.95	0.91	-0.17	0.84	0.75
Net Receivables	0.53	0.08	0.54	0.51	0.21	0.47	0.75	0.33	-0.52	0.74	0.22	0.69	0.19		0.59	0.67	0.28	0.23	0.36	0.59	0.54	0.27	0.08	-0.62	0.52	0.54
Common Stock Shares Outstanding	0.89	0.75	0.88	0.88	0.53	0.87	0.93	-0.46	-0.84	0.84	0.77	0.96	0.75	0.59		0.75	0.63	0.44	0.79	0.89	0.86	0.7	0.54	-0.36	0.92	0.91
Non Current Liabilities Total	0.76	0.48	0.75	0.73	0.5	0.74	0.81	-0.13	-0.58	0.6	0.64	0.8	0.62	0.67	0.75		0.17	0.49	0.47	0.84	0.75	0.63	0.5	-0.69	0.74	0.72
Inventory	0.6	0.46	0.55	0.63	0.48	0.59	0.59	-0.51	-0.49	0.79	0.53	0.63	0.51	0.28	0.63	0.17		0.35	0.48	0.49	0.59	0.51	0.45	0.39	0.57	0.54
Other Current Assets	0.8	0.2	0.78	0.81	0.98	0.72	0.63	-0.35	-0.02	0.56	0.77	0.63	0.79	0.23	0.44	0.49	0.35		0.41	0.75	0.83	0.93	0.94	-0.27	0.45	0.32
Other Stockholder Equity	0.74	0.76	0.81	0.72	0.5	0.79	0.75	-0.51	-0.75	0.66	0.76	0.76	0.73	0.36	0.79	0.47	0.48	0.41		0.77	0.71	0.63	0.46	-0.27	0.84	0.82
Total Liab	0.98	0.61	0.99	0.97	0.79	0.94	0.96	-0.39	-0.62	0.82	0.88	0.96	0.87	0.59	0.89	0.84	0.49	0.75	0.77		0.97	0.9	0.77	-0.51	0.87	0.81
Net Invested Capital	1.0	0.57	0.98	1.0	0.88	0.96	0.94	-0.47	-0.55	0.86	0.91	0.95	0.91	0.54	0.86	0.75	0.59	0.83	0.71	0.97		0.95	0.85	-0.37	0.84	0.77
Total Current Assets	0.94	0.52	0.92	0.95	0.97	0.9	0.79	-0.57	-0.34	0.69	0.93	0.82	0.95	0.27	0.7	0.63	0.51	0.93	0.63	0.9	0.95		0.97	-0.26	0.71	0.61
Net Working Capital	0.84	0.43	0.8	0.85	0.97	0.8	0.63	-0.61	-0.16	0.55	0.88	0.66	0.91	0.08	0.54	0.5	0.45	0.94	0.46	0.77	0.85	0.97		-0.13	0.57	0.44
Intangible Assets	-0.37	0.01	-0.43	-0.32	-0.16	-0.28	-0.47	-0.38	0.21	-0.2	-0.17	-0.43	-0.17	-0.62	-0.36	-0.69	0.39	-0.27	-0.27	-0.51	-0.37	-0.26	-0.13		-0.28	-0.28
Common Stock	0.86	0.88	0.86	0.85	0.57	0.94	0.89	-0.6	-0.9	0.8	0.87	0.91	0.84	0.52	0.92	0.74	0.57	0.45	0.84	0.87	0.84	0.71	0.57	-0.28		0.99
Property Plant Equipment	0.79	0.88	0.79	0.78	0.44	0.89	0.86	-0.55	-0.95	0.78	0.79	0.88	0.75	0.54	0.91	0.72	0.54	0.32	0.82	0.81	0.77	0.61	0.44	-0.28	0.99

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.9M	51.7M	542.6M	343.1M	376.8M	224.4M
Other Current Liab	102K	4.7M	16.7M	7.6M	51.8M	54.4M
Total Current Liabilities	4.0M	28.5M	101.2M	67.2M	68.8M	44.0M
Total Stockholder Equity	28.1M	15.4M	422.6M	255.6M	293.3M	166.3M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.2M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	308.6M
Property Plant And Equipment Net	44.1M	41.2M	229.3M	268.0M	199.3M	129.5M
Net Debt	20.0M	22.4M	(40.5M)	34.2M	(63.8M)	(60.6M)
Retained Earnings	(5.9M)	(22.1M)	(15K)	(239.1M)	(293.4M)	(278.7M)
Accounts Payable	2.3M	2.1M	9.9M	12.9M	9.0M	6.8M
Cash	2.2M	5.9M	125.3M	30.8M	83.6M	87.8M
Non Current Assets Total	46.3M	42.5M	255.5M	274.0M	247.5M	143.8M
Cash And Short Term Investments	2.2M	5.9M	191.3M	35.4M	117.4M	123.3M
Net Receivables	3.7M	1.4M	3.7M	16.8M	2.2M	2.1M
Common Stock Shares Outstanding	71.1M	84.9M	169.4M	207.8M	262.2M	142.9M
Liabilities And Stockholders Equity	52.9M	51.7M	542.6M	343.1M	376.8M	224.4M
Non Current Liabilities Total	20.8M	7.8M	18.8M	20.3M	14.7M	13.2M
Inventory	135K	169K	548K	588K	701.4K	423.7K
Other Current Assets	565K	1.7M	91.6M	16.3M	9.0M	8.6M
Total Liab	24.8M	36.3M	120.0M	87.5M	83.5M	57.3M
Net Invested Capital	43.8M	32.8M	493.8M	302.7M	298.8M	191.2M
Total Current Assets	6.6M	9.2M	287.1M	69.1M	129.3M	80.6M
Net Working Capital	2.5M	(19.3M)	185.9M	1.8M	60.8M	36.7M
Intangible Assets	675K	377K	1.7M	33K	3.7M	3.9M
Common Stock	33.9M	32.0M	378.9M	429.1M	527.4M	553.8M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	22.2M	28.4M	84.7M	65.0M	19.8M	18.8M
Non Currrent Assets Other	1.5M	942K	3.6M	6.0M	44.5M	46.7M
Other Assets	1.6M	973K	90.6M	38.2M	1.0	0.95
Long Term Debt	14.8M	174K	910K	4.1M	3.7M	3.3M
Short Long Term Debt	874K	17.2M	70.3M	43.1M	4.0M	3.8M
Capital Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
Short Term Debt	1.6M	20.8M	74.6M	46.7M	6.8M	6.5M

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When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms

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Is Bitfarms Stock a good investment?

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What is Bitfarms' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.

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Is Bitfarms' industry 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 Bitfarms. If investors know Bitfarms 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 Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.40)

Revenue Per Share

0.558

Quarterly Revenue Growth

0.71

Return On Assets

(0.11)

Return On Equity

(0.38)

The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' 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 Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' 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 Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' 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.

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Bitfarms Net Invested Capital vs Common Stock Analysis

Net Invested Capital vs Common Stock

Net Invested Capital vs Common Stock Correlation Analysis

Correlation Coefficient

Net Invested Capital

Common Stock

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets

Property Plant Equipment	- 0.95	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Retained Earnings	- 0.85	Other Current Liab
Common Stock Shares Outstanding	- 0.84	Retained Earnings
Net Debt	- 0.82	Other Current Liab
Other Stockholder Equity	- 0.75	Retained Earnings