BIT Ebit vs Operating Income Analysis

BTCM Stock

USD 2.79 0.05 1.76%

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

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

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BIT Mining Ebit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between BIT Mining's Ebit and Operating Income is 0.67. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of BIT Mining, assuming nothing else is changed. The correlation between historical values of BIT Mining's Ebit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of BIT Mining are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., BIT Mining's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from BIT Mining operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of BIT Mining is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from BIT Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BIT Mining 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 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.At this time, BIT Mining's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, though Discontinued Operations is likely to grow to (7.5 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	42.5M	31.9M	28.2M	43.3M
Cost Of Revenue	1.3B	669.7M	40.1M	38.1M

Total Operating Expenses Cost Of Revenue

BIT Mining fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		-0.2	-0.38	0.21	0.97	0.35	0.57	-0.38	0.3	0.66	0.62	-0.51	0.77	0.21	0.29	0.75	0.13	-0.53	0.65	0.18	0.21	0.32	0.83	0.71	-0.21	0.7
Common Stock Shares Outstanding	-0.2		0.6	0.31	-0.26	0.41	-0.68	0.47	-0.92	-0.48	0.22	0.0	-0.34	-0.3	0.64	-0.22	-0.65	0.23	-0.2	0.74	0.18	0.34	-0.38	0.0	0.99	-0.31
Other Current Liab	-0.38	0.6		0.47	-0.51	0.12	-0.63	0.67	-0.42	-0.63	-0.03	0.24	-0.46	0.23	0.02	-0.22	0.02	0.33	-0.25	0.1	0.48	0.04	-0.43	-0.19	0.57	-0.16
Total Current Liabilities	0.21	0.31	0.47		-0.03	0.82	-0.05	0.52	-0.28	-0.47	0.52	0.02	-0.3	0.03	0.08	0.09	0.23	0.24	-0.08	0.3	0.98	0.11	-0.11	0.55	0.32	-0.08
Total Stockholder Equity	0.97	-0.26	-0.51	-0.03		0.17	0.59	-0.54	0.35	0.79	0.51	-0.54	0.86	0.19	0.3	0.74	0.04	-0.59	0.68	0.14	-0.04	0.31	0.87	0.59	-0.27	0.72
Property Plant And Equipment Net	0.35	0.41	0.12	0.82	0.17		-0.1	0.26	-0.49	-0.26	0.79	-0.19	-0.27	-0.26	0.45	-0.03	-0.08	0.3	-0.2	0.63	0.74	0.44	-0.13	0.76	0.41	-0.23
Current Deferred Revenue	0.57	-0.68	-0.63	-0.05	0.59	-0.1		-0.36	0.73	0.47	-0.01	-0.2	0.64	-0.02	-0.35	0.68	0.42	-0.55	0.63	-0.42	0.02	-0.26	0.72	0.28	-0.66	0.6
Net Debt	-0.38	0.47	0.67	0.52	-0.54	0.26	-0.36		-0.46	-0.9	0.03	0.42	-0.52	-0.09	0.03	-0.09	0.18	0.16	-0.09	0.19	0.54	-0.14	-0.5	0.01	0.46	-0.26
Retained Earnings	0.3	-0.92	-0.42	-0.28	0.35	-0.49	0.73	-0.46		0.53	-0.27	-0.01	0.5	0.41	-0.71	0.39	0.67	-0.32	0.39	-0.84	-0.13	-0.34	0.55	-0.06	-0.92	0.53
Cash	0.66	-0.48	-0.63	-0.47	0.79	-0.26	0.47	-0.9	0.53		0.1	-0.54	0.8	0.29	0.08	0.44	-0.05	-0.47	0.44	-0.15	-0.47	0.19	0.76	0.13	-0.48	0.56
Non Current Assets Total	0.62	0.22	-0.03	0.52	0.51	0.79	-0.01	0.03	-0.27	0.1		-0.35	0.02	-0.18	0.5	0.1	0.03	0.14	-0.05	0.53	0.49	0.62	0.08	0.94	0.2	0.03
Non Currrent Assets Other	-0.51	0.0	0.24	0.02	-0.54	-0.19	-0.2	0.42	-0.01	-0.54	-0.35		-0.44	0.04	-0.48	-0.38	0.18	0.29	-0.23	-0.21	0.05	-0.56	-0.42	-0.32	0.03	-0.2
Cash And Short Term Investments	0.77	-0.34	-0.46	-0.3	0.86	-0.27	0.64	-0.52	0.5	0.8	0.02	-0.44		0.37	0.11	0.86	0.03	-0.83	0.88	-0.11	-0.29	0.02	0.97	0.14	-0.35	0.85
Net Receivables	0.21	-0.3	0.23	0.03	0.19	-0.26	-0.02	-0.09	0.41	0.29	-0.18	0.04	0.37		-0.26	0.36	0.36	-0.35	0.37	-0.34	0.1	-0.23	0.4	-0.19	-0.33	0.46
Common Stock Total Equity	0.29	0.64	0.02	0.08	0.3	0.45	-0.35	0.03	-0.71	0.08	0.5	-0.48	0.11	-0.26		0.1	-0.61	-0.14	0.07	0.9	-0.06	0.67	0.02	0.34	0.61	-0.02
Short Term Investments	0.75	-0.22	-0.22	0.09	0.74	-0.03	0.68	-0.09	0.39	0.44	0.1	-0.38	0.86	0.36	0.1		0.21	-0.85	0.96	-0.05	0.12	-0.07	0.89	0.27	-0.23	0.84
Non Current Liabilities Total	0.13	-0.65	0.02	0.23	0.04	-0.08	0.42	0.18	0.67	-0.05	0.03	0.18	0.03	0.36	-0.61	0.21		0.04	0.14	-0.65	0.41	-0.13	0.13	0.17	-0.66	0.3
Inventory	-0.53	0.23	0.33	0.24	-0.59	0.3	-0.55	0.16	-0.32	-0.47	0.14	0.29	-0.83	-0.35	-0.14	-0.85	0.04		-0.91	0.04	0.24	0.24	-0.77	0.0	0.25	-0.73
Other Current Assets	0.65	-0.2	-0.25	-0.08	0.68	-0.2	0.63	-0.09	0.39	0.44	-0.05	-0.23	0.88	0.37	0.07	0.96	0.14	-0.91		-0.09	-0.06	-0.16	0.88	0.1	-0.21	0.85
Other Stockholder Equity	0.18	0.74	0.1	0.3	0.14	0.63	-0.42	0.19	-0.84	-0.15	0.53	-0.21	-0.11	-0.34	0.9	-0.05	-0.65	0.04	-0.09		0.13	0.47	-0.15	0.38	0.74	-0.21
Total Liab	0.21	0.18	0.48	0.98	-0.04	0.74	0.02	0.54	-0.13	-0.47	0.49	0.05	-0.29	0.1	-0.06	0.12	0.41	0.24	-0.06	0.13		0.07	-0.09	0.54	0.19	-0.02
Property Plant And Equipment Gross	0.32	0.34	0.04	0.11	0.31	0.44	-0.26	-0.14	-0.34	0.19	0.62	-0.56	0.02	-0.23	0.67	-0.07	-0.13	0.24	-0.16	0.47	0.07		-0.04	0.46	0.29	-0.06
Total Current Assets	0.83	-0.38	-0.43	-0.11	0.87	-0.13	0.72	-0.5	0.55	0.76	0.08	-0.42	0.97	0.4	0.02	0.89	0.13	-0.77	0.88	-0.15	-0.09	-0.04		0.22	-0.38	0.87
Intangible Assets	0.71	0.0	-0.19	0.55	0.59	0.76	0.28	0.01	-0.06	0.13	0.94	-0.32	0.14	-0.19	0.34	0.27	0.17	0.0	0.1	0.38	0.54	0.46	0.22		0.0	0.13
Common Stock	-0.21	0.99	0.57	0.32	-0.27	0.41	-0.66	0.46	-0.92	-0.48	0.2	0.03	-0.35	-0.33	0.61	-0.23	-0.66	0.25	-0.21	0.74	0.19	0.29	-0.38	0.0		-0.34
Short Long Term Debt Total	0.7	-0.31	-0.16	-0.08	0.72	-0.23	0.6	-0.26	0.53	0.56	0.03	-0.2	0.85	0.46	-0.02	0.84	0.3	-0.73	0.85	-0.21	-0.02	-0.06	0.87	0.13	-0.34

Click cells to compare fundamentals

BIT Mining Account Relationship Matchups

BIT Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	102.2M	72.0M	301.8M	74.5M	72.6M	69.0M
Common Stock Shares Outstanding	4.3M	4.3M	6.2M	8.7M	11.0M	11.6M
Other Current Liab	888.0K	5.4M	16.8M	24.1M	41.8M	43.9M
Total Current Liabilities	11.0M	11.3M	83.1M	30.8M	44.9M	33.4M
Total Stockholder Equity	84.0M	61.8M	184.0M	40.8M	25.1M	23.9M
Property Plant And Equipment Net	14.4M	4.5M	79.9M	18.8M	27.1M	17.8M
Current Deferred Revenue	5.5M	5.9M	9.2M	1.7M	397K	377.2K
Net Debt	(44.8M)	(45.8M)	(10.5M)	(1.2M)	975K	1.0M
Retained Earnings	(278.1M)	(334.3M)	(382.6M)	(554.5M)	(570.9M)	(542.3M)
Cash	51.7M	47.2M	17.7M	5.4M	3.2M	3.1M
Non Current Assets Total	39.5M	20.6M	202.8M	40.1M	39.2M	62.1M
Non Currrent Assets Other	270.7K	254.7K	609K	9.9M	3.4M	1.9M
Cash And Short Term Investments	55.1M	47.2M	17.7M	7.8M	10.9M	10.3M
Net Receivables	1.5M	56.3K	737K	4.1M	2.2M	2.1M
Liabilities And Stockholders Equity	102.2M	72.0M	301.8M	74.5M	72.6M	134.0M
Non Current Liabilities Total	9.2M	969.3K	9.6M	2.8M	2.5M	2.4M
Inventory	(21.5M)	(597.5M)	25.5M	126K	(8.1M)	(8.5M)
Other Current Assets	27.6M	2.9M	56.5M	18.7M	28.4M	27.0M
Other Stockholder Equity	341.4M	400.7M	569.0M	611.5M	600.2M	356.4M
Total Liab	20.2M	12.2M	92.7M	33.7M	47.5M	41.9M
Property Plant And Equipment Gross	100.7M	29.1M	79.9M	18.8M	105.2M	64.8M
Total Current Assets	62.7M	51.4M	99.0M	34.4M	33.4M	31.8M
Accumulated Other Comprehensive Income	20.6M	19.7M	(2.4M)	(4.0M)	(4.3M)	(4.1M)
Intangible Assets	643.9K	367.0K	76.6M	3.3M	2.0M	1.9M
Common Stock	21.6K	23.1K	36K	54K	62.1K	65.2K
Short Long Term Debt Total	6.9M	1.5M	7.2M	4.2M	4.2M	4.0M
Other Assets	7.3M	3.9M	9.8M	8.8M	7.9M	7.5M
Good Will	39.9M	18.9M	0.0	26.6M	23.9M	14.5M
Other Liab	11.9M	3.0M	526K	4.6M	4.1M	3.9M
Net Tangible Assets	580.0M	401.4M	80.8M	49.8M	44.8M	42.6M
Net Invested Capital	584.5M	403.8M	184.0M	40.8M	25.1M	23.9M
Long Term Investments	153.0M	100.0M	10.1M	8.0M	4.2M	4.0M
Net Working Capital	353.2M	262.2M	15.9M	3.5M	(11.1M)	(10.5M)
Property Plant Equipment	100.7M	29.1M	79.9M	31.4M	28.2M	26.8M
Capital Stock	21.6K	23.1K	36K	54K	62.1K	38.6K

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When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining'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 Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports:

How To Invest In BIT

Details

Is BIT Stock a good investment?

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What is BIT Mining's Net Worth?

Details

Largest Application Software Companies

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Largest Information Technology Services Companies

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

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

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Is Application Software 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 Mining. 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 Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(2.00)

Revenue Per Share

3.712

Quarterly Revenue Growth

(0.87)

Return On Assets

(0.19)

Return On Equity

(0.43)

The market value of BIT Mining 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 Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining'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 Mining's market value can be influenced by many factors that don't directly affect BIT Mining'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 Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining'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.

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BIT Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

BIT Mining fundamental ratios Correlations

BIT Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BIT Mining fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Common Stock Shares Outstanding
Total Liab	+ 0.98	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Cash And Short Term Investments
Other Current Assets	+ 0.96	Short Term Investments
Intangible Assets	+ 0.94	Non Current Assets Total

Common Stock	- 0.92	Retained Earnings
Retained Earnings	- 0.92	Common Stock Shares Outstanding
Other Current Assets	- 0.91	Inventory
Cash	- 0.9	Net Debt
Inventory	- 0.85	Short Term Investments
Other Stockholder Equity	- 0.84	Retained Earnings