Bit Intangible Assets vs Total Current Assets Analysis
| BTOG Stock | USD 4.08 0.18 4.62% |
Bit Origin financial indicator trend analysis is way more than just evaluating Bit Origin prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bit Origin is a good investment. Please check the relationship between Bit Origin Intangible Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Origin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.
Intangible Assets vs Total Current Assets
Intangible Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bit Origin Intangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bit Origin's Intangible Assets and Total Current Assets is 0.51. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Bit Origin, assuming nothing else is changed. The correlation between historical values of Bit Origin's Intangible Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Bit Origin are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Intangible Assets i.e., Bit Origin's Intangible Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Bit Origin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bit Origin 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 Bit Origin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.The Bit Origin's current Discontinued Operations is estimated to increase to about 8.1 M, while Selling General Administrative is projected to decrease to roughly 2.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 5.8M | 6.3M | 7.2M | 5.7M | Cost Of Revenue | 403.4K | 10.8M | 9.7M | 9.3M |
Bit Origin fundamental ratios Correlations
Click cells to compare fundamentals
Bit Origin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bit Origin fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 747.3K | 1.1M | 2.0M | 3.3M | 3.8M | 4.0M | |
| Total Assets | 63.3M | 40.9M | 35.0M | 13.3M | 12.0M | 11.4M | |
| Short Long Term Debt Total | 18.3M | 2.1M | 1.7M | 2.1M | 1.9M | 1.8M | |
| Other Current Liab | 9.0M | 22.3M | (21.4M) | 331.0K | 297.9K | 283.0K | |
| Total Current Liabilities | 32.7M | 38.7M | 300.0K | 2.6M | 2.3M | 2.2M | |
| Total Stockholder Equity | 23.8M | (3.2M) | 34.7M | 10.3M | 11.8M | 17.9M | |
| Property Plant And Equipment Net | 6.2M | 4.4K | 8.0M | 7.4M | 8.5M | 5.4M | |
| Current Deferred Revenue | 736.6K | 1.3M | 4.3M | 4.4M | 5.1M | 5.3M | |
| Net Debt | 16.8M | 2.1M | 1.7M | 2.1M | 1.9M | 1.8M | |
| Retained Earnings | 7.0M | (38.6M) | (36.0M) | (64.2M) | (57.8M) | (54.9M) | |
| Accounts Payable | 7.5M | 10.0M | 16.5M | 667.9K | 768.1K | 729.7K | |
| Cash | 1.5M | 7.6K | 17.8K | 16.3K | 14.6K | 13.9K | |
| Non Current Assets Total | 13.1M | 8.4M | 29.2M | 9.8M | 11.2M | 11.9M | |
| Non Currrent Assets Other | 579.5K | 6.0M | 17.9M | (9.8M) | (11.2M) | (10.7M) | |
| Cash And Short Term Investments | 1.5M | 7.6K | 17.8K | 16.3K | 14.6K | 13.9K | |
| Net Receivables | 40.7M | 11.1M | 4.4M | 468.2K | 421.4K | 400.3K | |
| Liabilities And Stockholders Equity | 63.3M | 40.9M | 35.0M | 13.3M | 12.0M | 11.4M | |
| Inventory | (148.9K) | 229.4K | 1.2M | 1.0M | 1.2M | 1.2M | |
| Other Current Assets | 8.2M | 21.1M | 141.9K | 2.1M | 2.4M | 2.3M | |
| Other Stockholder Equity | 15.7M | 32.2M | 69.7M | 73.4M | 84.5M | 88.7M | |
| Total Liab | 36.5M | 42.5M | 300.0K | 3.1M | 2.8M | 2.6M | |
| Total Current Assets | 50.3M | 32.5M | 5.8M | 3.6M | 3.2M | 3.1M | |
| Short Term Debt | 15.0M | 2.1M | 831.3K | 1.6M | 1.4M | 1.4M | |
| Intangible Assets | 492.3K | 462.7K | 438.0K | 299.6K | 269.7K | 349.7K | |
| Common Stock | 239.7K | 407.2K | 918.6K | 1.0M | 1.2M | 1.2M | |
| Net Tangible Assets | 24.1M | 18.6M | (3.2M) | 34.7M | 39.9M | 41.8M | |
| Other Assets | 1.9M | 7.9M | 8.4M | 18.2M | 20.9M | 21.9M | |
| Non Current Liabilities Total | 3.8M | 3.8M | 2.4M | 486.3K | 437.7K | 415.8K | |
| Net Invested Capital | 41.5M | (1.1M) | 34.7M | 12.3M | 11.1M | 19.8M | |
| Short Long Term Debt | 7.9M | 14.9M | 2.1M | 1.6M | 1.4M | 1.4M | |
| Net Working Capital | 17.5M | (6.2M) | 5.5M | 984.5K | 886.1K | 841.7K | |
| Property Plant Equipment | 3.3M | 10.1K | 4.4K | 8.0M | 9.2M | 9.7M | |
| Capital Stock | 239.7K | 407.2K | 918.6K | 1.0M | 1.2M | 615.9K |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Bit Stock
When determining whether Bit Origin is a strong investment it is important to analyze Bit Origin's 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 Bit Origin's future performance. For an informed investment choice regarding Bit Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Origin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Packaged Foods & Meats 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 Origin. 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 Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 2.052 | Quarterly Revenue Growth 0.402 | Return On Assets (0.35) | Return On Equity (1.46) |
The market value of Bit Origin 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 Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin'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 Origin's market value can be influenced by many factors that don't directly affect Bit Origin'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 Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin'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.