BIT Total Revenue vs Total Operating Expenses 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 Total Revenue and its Total Operating Expenses 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.
Total Revenue vs Total Operating Expenses
Total Revenue vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BIT Mining Total Revenue account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between BIT Mining's Total Revenue and Total Operating Expenses is -0.01. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Operating Expenses 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 Total Revenue and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of BIT Mining are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Total Revenue i.e., BIT Mining's Total Revenue and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts BIT Mining generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.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 |
BIT Mining fundamental ratios Correlations
Click cells to compare fundamentals
BIT Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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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.