Bitfarms Retained Earnings vs Inventory Analysis

BITF Stock

2.78 0.09 3.14%

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 Retained Earnings and its Inventory 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Retained Earnings account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Bitfarms' Retained Earnings and Inventory is -0.49. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Bitfarms are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Bitfarms' Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.28, though Tax Provision is likely to grow to (380.9 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	24.5M	72.4M	84.8M	89.0M
Interest Income	2.1M	34.5M	1.4M	1.3M

Depreciation And Amortization Interest Income

Bitfarms fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.66	0.99	1.0	0.95	-0.49	-0.59	0.86	0.92	0.96	0.91	0.53	0.89	0.76	0.81	0.6	0.83	0.72	0.98	0.94	-0.37	0.86	0.79	0.86	0.9	1.0
Other Current Liab	0.66		0.66	0.66	0.67	-0.83	-0.85	0.52	0.82	0.67	0.79	0.11	0.77	0.51	0.55	0.48	0.36	0.5	0.65	0.58	-0.02	0.9	0.89	0.31	0.48	0.67
Total Current Liabilities	0.99	0.66		0.98	0.94	-0.45	-0.6	0.83	0.9	0.95	0.89	0.54	0.88	0.75	0.76	0.55	0.81	0.75	0.99	0.92	-0.43	0.86	0.79	0.89	0.88	0.98
Total Stockholder Equity	1.0	0.66	0.98		0.94	-0.52	-0.58	0.87	0.92	0.96	0.91	0.51	0.88	0.73	0.83	0.64	0.83	0.68	0.97	0.95	-0.32	0.85	0.78	0.84	0.9	1.0
Property Plant And Equipment Net	0.95	0.67	0.94	0.94		-0.37	-0.76	0.92	0.8	1.0	0.78	0.71	0.96	0.81	0.82	0.62	0.62	0.77	0.95	0.79	-0.44	0.91	0.88	0.82	0.72	0.95
Net Debt	-0.49	-0.83	-0.45	-0.52	-0.37		0.46	-0.3	-0.76	-0.39	-0.75	0.33	-0.46	-0.13	-0.52	-0.51	-0.42	-0.11	-0.4	-0.57	-0.38	-0.61	-0.55	-0.05	-0.5	-0.5
Retained Earnings	-0.59	-0.85	-0.6	-0.58	-0.76	0.46		-0.66	-0.58	-0.74	-0.52	-0.51	-0.84	-0.58	-0.58	-0.49	-0.1	-0.55	-0.62	-0.34	0.21	-0.9	-0.95	-0.34	-0.25	-0.6
Accounts Payable	0.86	0.52	0.83	0.87	0.92	-0.3	-0.66		0.68	0.92	0.66	0.74	0.84	0.6	0.9	0.79	0.58	0.5	0.82	0.7	-0.2	0.8	0.78	0.72	0.65	0.87
Cash	0.92	0.82	0.9	0.92	0.8	-0.76	-0.58	0.68		0.82	1.0	0.22	0.77	0.64	0.69	0.53	0.83	0.58	0.88	0.93	-0.17	0.87	0.79	0.69	0.9	0.91
Non Current Assets Total	0.96	0.67	0.95	0.96	1.0	-0.39	-0.74	0.92	0.82		0.8	0.69	0.96	0.8	0.82	0.63	0.66	0.76	0.96	0.82	-0.43	0.91	0.88	0.83	0.75	0.97
Cash And Short Term Investments	0.91	0.79	0.89	0.91	0.78	-0.75	-0.52	0.66	1.0	0.8		0.19	0.74	0.63	0.67	0.51	0.85	0.57	0.87	0.95	-0.17	0.83	0.75	0.7	0.92	0.91
Net Receivables	0.53	0.11	0.54	0.51	0.71	0.33	-0.51	0.74	0.22	0.69	0.19		0.59	0.67	0.45	0.28	0.23	0.54	0.59	0.27	-0.62	0.51	0.54	0.69	0.28	0.53
Common Stock Shares Outstanding	0.89	0.77	0.88	0.88	0.96	-0.46	-0.84	0.84	0.77	0.96	0.74	0.59		0.75	0.8	0.63	0.48	0.79	0.89	0.71	-0.36	0.92	0.91	0.67	0.6	0.89
Non Current Liabilities Total	0.76	0.51	0.75	0.73	0.81	-0.13	-0.58	0.6	0.64	0.8	0.63	0.67	0.75		0.37	0.17	0.52	0.9	0.84	0.63	-0.69	0.74	0.72	0.81	0.6	0.75
Capital Surpluse	0.81	0.55	0.76	0.83	0.82	-0.52	-0.58	0.9	0.69	0.82	0.67	0.45	0.8	0.37		0.89	0.55	0.34	0.7	0.7	0.04	0.72	0.68	0.51	0.62	0.83
Inventory	0.6	0.48	0.55	0.64	0.62	-0.51	-0.49	0.79	0.53	0.63	0.51	0.28	0.63	0.17	0.89		0.36	0.18	0.5	0.51	0.39	0.57	0.55	0.29	0.43	0.62
Other Current Assets	0.83	0.36	0.81	0.83	0.62	-0.42	-0.1	0.58	0.83	0.66	0.85	0.23	0.48	0.52	0.55	0.36		0.43	0.78	0.95	-0.26	0.53	0.4	0.81	0.99	0.81
Other Stockholder Equity	0.72	0.5	0.75	0.68	0.77	-0.11	-0.55	0.5	0.58	0.76	0.57	0.54	0.79	0.9	0.34	0.18	0.43		0.82	0.59	-0.68	0.66	0.65	0.75	0.51	0.71
Total Liab	0.98	0.65	0.99	0.97	0.95	-0.4	-0.62	0.82	0.88	0.96	0.87	0.59	0.89	0.84	0.7	0.5	0.78	0.82		0.9	-0.51	0.87	0.81	0.91	0.86	0.97
Total Current Assets	0.94	0.58	0.92	0.95	0.79	-0.57	-0.34	0.7	0.93	0.82	0.95	0.27	0.71	0.63	0.7	0.51	0.95	0.59	0.9		-0.26	0.71	0.61	0.81	0.98	0.94
Intangible Assets	-0.37	-0.02	-0.43	-0.32	-0.44	-0.38	0.21	-0.2	-0.17	-0.43	-0.17	-0.62	-0.36	-0.69	0.04	0.39	-0.26	-0.68	-0.51	-0.26		-0.28	-0.28	-0.66	-0.28	-0.36
Common Stock	0.86	0.9	0.86	0.85	0.91	-0.61	-0.9	0.8	0.87	0.91	0.83	0.51	0.92	0.74	0.72	0.57	0.53	0.66	0.87	0.71	-0.28		0.99	0.63	0.65	0.86
Property Plant Equipment	0.79	0.89	0.79	0.78	0.88	-0.55	-0.95	0.78	0.79	0.88	0.75	0.54	0.91	0.72	0.68	0.55	0.4	0.65	0.81	0.61	-0.28	0.99		0.57	0.53	0.8
Short Long Term Debt Total	0.86	0.31	0.89	0.84	0.82	-0.05	-0.34	0.72	0.69	0.83	0.7	0.69	0.67	0.81	0.51	0.29	0.81	0.75	0.91	0.81	-0.66	0.63	0.57		0.83	0.85
Other Liab	0.9	0.48	0.88	0.9	0.72	-0.5	-0.25	0.65	0.9	0.75	0.92	0.28	0.6	0.6	0.62	0.43	0.99	0.51	0.86	0.98	-0.28	0.65	0.53	0.83		0.89
Net Tangible Assets	1.0	0.67	0.98	1.0	0.95	-0.5	-0.6	0.87	0.91	0.97	0.91	0.53	0.89	0.75	0.83	0.62	0.81	0.71	0.97	0.94	-0.36	0.86	0.8	0.85	0.89

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	378.7M	224.7M
Other Current Liab	102K	4.7M	16.7M	7.6M	40.4M	42.4M
Total Current Liabilities	4.0M	28.5M	101.2M	67.2M	69.2M	44.1M
Total Stockholder Equity	28.1M	15.4M	422.6M	255.6M	294.8M	166.5M
Property Plant And Equipment Net	44.1M	41.2M	229.3M	268.0M	240.1M	135.9M
Net Debt	20.0M	22.4M	(40.5M)	34.2M	(64.2M)	(61.0M)
Retained Earnings	(5.9M)	(22.1M)	(15K)	(239.1M)	(294.9M)	(280.2M)
Accounts Payable	2.3M	2.1M	9.9M	12.9M	9.1M	6.8M
Cash	2.2M	5.9M	125.3M	30.8M	84.0M	88.2M
Non Current Assets Total	46.3M	42.5M	255.5M	274.0M	248.7M	144.0M
Other Assets	1.6M	973K	90.6M	38.2M	43.9M	24.3M
Long Term Debt	14.8M	174K	910K	4.1M	4.7M	3.8M
Cash And Short Term Investments	2.2M	5.9M	191.3M	35.4M	115.9M	121.7M
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
Long Term Debt Total	693K	20.6M	7.6M	10.1M	11.7M	8.6M
Liabilities And Stockholders Equity	52.9M	51.7M	542.6M	343.1M	378.7M	224.7M
Non Current Liabilities Total	20.8M	7.8M	18.8M	20.3M	14.8M	13.2M
Inventory	135K	169K	548K	588K	705K	424.3K
Other Current Assets	565K	1.7M	91.6M	16.3M	11.2M	19.7M
Total Liab	24.8M	36.3M	120.0M	87.5M	84.0M	57.3M
Total Current Assets	6.6M	9.2M	287.1M	69.1M	130.0M	80.7M
Short Term Debt	1.6M	20.8M	74.6M	46.7M	6.9M	6.5M
Intangible Assets	675K	377K	1.7M	33K	3.7M	3.9M
Common Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
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	19.9M	18.9M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.5M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	157.6M
Non Currrent Assets Other	1.5M	942K	3.6M	6.0M	4.9M	3.3M
Net Invested Capital	43.8M	32.8M	493.8M	302.7M	298.8M	218.0M
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
Net Working Capital	2.5M	(19.3M)	185.9M	1.8M	60.8M	42.3M

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bitfarms Stock

0.61

GOOG

Alphabet CDR

Pair Corr

Moving against Bitfarms Stock

0.49

PFE

Pfizer Inc CDR

Pair Corr

The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.

The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

Details

Is Bitfarms Stock a good investment?

Details

What is Bitfarms' Net Worth?

Details

Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Bitfarms Retained Earnings vs Inventory Analysis

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

Correlation Coefficient

Retained Earnings

Inventory

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

Pair Trading with Bitfarms

Moving together with Bitfarms Stock

Moving against Bitfarms Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 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	- 0.83	Other Current Liab
Cash	- 0.76	Net Debt