Bit Origin Financials

BTOG Stock  USD 1.41  0.05  3.68%   
Based on the analysis of Bit Origin's profitability, liquidity, and operating efficiency, Bit Origin is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Bit Origin's Current Deferred Revenue is most likely to increase significantly in the upcoming years. The Bit Origin's current Non Current Assets Total is estimated to increase to about 11.9 M, while Short and Long Term Debt Total is projected to decrease to roughly 1.8 M. Key indicators impacting Bit Origin's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.181.24
Notably Down
Pretty Stable
Investors should never underestimate Bit Origin's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Bit Origin's cash flow, debt, and profitability to make informed and accurate decisions about investing in Bit Origin.

Net Income

(24.12 Million)

  
Understanding current and past Bit Origin Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bit Origin's financial statements are interrelated, with each one affecting the others. For example, an increase in Bit Origin's assets may result in an increase in income on the income statement.

Bit Origin Stock Summary

Bit Origin competes with Better Choice, Farmmi, Laird Superfood, Planet Green, and Stryve Foods. Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. Bit Origin Ltd was incorporated in 2018 and is based in New York, New York. Bit Origin operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 11 people.
Specialization
Financial Services, Food, Beverage & Tobacco
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINKYG216211006
CUSIPG21621100 G21621118
LocationSingapore
Business AddressSamsung Hub, Singapore,
SectorFood Products
IndustryConsumer Staples
BenchmarkDow Jones Industrial
Websitebitorigin.io
Phone347 556 4747
CurrencyUSD - US Dollar

Bit Origin Key Financial Ratios

Bit Origin Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets63.3M40.9M35.0M13.3M12.0M11.4M
Other Current Liab17.2M22.6M(3.8M)331.0K297.9K283.0K
Net Debt16.8M2.1M1.7M2.1M1.9M1.8M
Retained Earnings7.0M(38.6M)(36.0M)(64.2M)(57.8M)(54.9M)
Accounts Payable5.7M10.0M16.5M667.9K768.1K729.7K
Cash1.5M7.6K17.8K16.3K14.6K13.9K
Net Receivables9.8M11.1M4.4M468.2K421.4K400.3K
Inventory(148.9K)229.4K1.2M1.0M1.2M1.2M
Other Current Assets39.4M21.3M162.5K3.1M3.6M3.4M
Total Liab36.5M42.5M300.0K3.1M2.8M2.6M
Total Current Assets50.3M32.5M5.8M3.6M3.2M3.1M
Short Term Debt6.5M782.1K831.3K1.6M1.4M1.4M
Intangible Assets492.3K462.7K438.0K299.6K269.7K349.7K
Common Stock239.7K407.2K918.6K1.0M1.2M1.2M
Net Tangible Assets24.1M18.6M(3.2M)34.7M39.9M41.8M
Other Assets1.9M7.9M8.4M18.2M20.9M21.9M
Net Invested Capital41.5M(1.1M)34.7M12.3M11.1M19.8M
Short Long Term Debt7.9M14.9M2.1M1.6M1.4M1.4M
Net Working Capital17.5M(6.2M)5.5M984.5K886.1K841.7K
Capital Stock239.7K407.2K918.6K1.0M1.2M615.9K

Bit Origin Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense1.7M294.1K54.1K227.4K204.6K194.4K
Total Revenue110.6M80.5M192.4K6.3M5.6M5.4M
Gross Profit7.2M3.0M(211.0K)(4.6M)(4.1M)(3.9M)
Operating Income(202.7K)(7.5M)(6.1M)(28.3M)(25.5M)(24.2M)
Ebit(2.6M)(3.5M)(5.3M)(28.0M)(25.2M)(23.9M)
Ebitda(2.6M)(3.5M)(5.0M)(22.6M)(20.4M)(19.3M)
Cost Of Revenue103.4M77.5M403.4K10.8M9.7M9.3M
Income Before Tax(2.4M)(13.3M)(5.3M)(28.2M)(25.4M)(24.1M)
Net Income(2.6M)(12.3M)3.2M(28.2M)(25.4M)(24.1M)
Income Tax Expense223.2K(1.0M)(9.3M)227.4K204.6K214.9K
Net Interest Income(2.1M)(429.5K)(57.6K)(587.7K)(675.9K)(709.7K)

Bit Origin Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory318.5K(223.7K)(192.4K)(1.0M)(913.5K)(867.8K)
Change In Cash(1.7M)(1.4M)388.0K(1.5K)(1.8K)(1.8K)
Free Cash Flow(6.6M)(10.5M)(22.6M)(6.9M)(6.2M)(6.5M)
Depreciation581.7K6.5K276.8K5.4M6.2M6.5M
Other Non Cash Items3.9M36.5M6.1M14.8M17.1M8.8M
Capital Expenditures20.6K700.4K8.3M115.0K132.3K125.7K
Net Income(4.4M)(47.1M)(2.2M)(28.2M)(25.4M)(24.1M)
End Period Cash Flow1.5M105.9K493.9K16.3K14.6K13.9K
Change To Netincome(8.3M)(1.6M)34.7M2.3M2.7M2.6M

Bit Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Bit Origin's current stock value. Our valuation model uses many indicators to compare Bit Origin value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bit Origin competition to find correlations between indicators driving Bit Origin's intrinsic value. More Info.
Bit Origin is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Bit Origin's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bit Origin by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Bit Origin Systematic Risk

Bit Origin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bit Origin volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Bit Origin correlated with the market. If Beta is less than 0 Bit Origin generally moves in the opposite direction as compared to the market. If Bit Origin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bit Origin is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bit Origin is generally in the same direction as the market. If Beta > 1 Bit Origin moves generally in the same direction as, but more than the movement of the benchmark.

About Bit Origin Financials

What exactly are Bit Origin Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Bit Origin's income statement, its balance sheet, and the statement of cash flows. Potential Bit Origin investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Bit Origin investors may use each financial statement separately, they are all related. The changes in Bit Origin's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bit Origin's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Today, most investors in Bit Origin Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bit Origin's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bit Origin growth as a starting point in their analysis.

Price Earnings To Growth Ratio

4.17E-4

At this time, Bit Origin's Price Earnings To Growth Ratio is most likely to drop slightly in the upcoming years.

Bit Origin November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Bit Origin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bit Origin. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bit Origin based on widely used predictive technical indicators. In general, we focus on analyzing Bit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bit Origin's daily price indicators and compare them against related drivers.

Complementary Tools for Bit Stock analysis

When running Bit Origin's price analysis, check to measure Bit Origin's 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 Bit Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
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