Bitcoin Net Invested Capital vs Net Tangible Assets Analysis

BTCW Stock

0.20 0.01 5.26%

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

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitcoin Well Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Bitcoin Well's Net Invested Capital and Net Tangible Assets is 0.57. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Bitcoin Well, assuming nothing else is changed. The correlation between historical values of Bitcoin Well's Net Invested Capital and Net Tangible 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 Net Invested Capital of Bitcoin Well are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Bitcoin Well's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

At this time, Bitcoin Well's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.2 M in 2024, whereas Tax Provision is likely to drop slightly above 179.7 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.2M	4.4M	4.8M	5.1M
Total Revenue	99.6M	66.7M	54.5M	63.2M

Gross Profit Total Revenue

Bitcoin Well fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab
Total Assets		0.94	-0.22	0.56	0.8	0.85	-0.79	0.98	0.82	0.79	0.72	0.68	0.53	-0.79	0.38	0.92	1.0	0.96	0.94	0.98	0.91	0.24	0.89	0.9	-0.88	0.86
Total Current Liabilities	0.94		-0.16	0.4	0.83	0.74	-0.67	0.9	0.92	0.77	0.52	0.49	0.38	-0.75	0.52	0.84	0.94	0.95	1.0	0.91	0.81	0.02	0.8	0.78	-0.76	0.73
Total Stockholder Equity	-0.22	-0.16		-0.44	0.37	-0.64	0.72	-0.22	0.13	0.41	-0.58	-0.76	-0.87	0.7	-0.14	-0.55	-0.22	-0.23	-0.16	-0.38	-0.47	-0.73	-0.56	-0.44	0.52	-0.47
Net Tangible Assets	0.56	0.4	-0.44		0.31	0.65	-0.79	0.47	0.14	0.35	0.72	0.76	0.68	-0.66	-0.47	0.61	0.57	0.66	0.4	0.55	0.78	0.54	0.8	0.71	-0.84	0.81
Property Plant And Equipment Net	0.8	0.83	0.37	0.31		0.39	-0.32	0.73	0.88	0.98	0.26	0.14	-0.05	-0.36	0.22	0.52	0.79	0.81	0.83	0.67	0.59	-0.3	0.52	0.57	-0.53	0.53
Net Debt	0.85	0.74	-0.64	0.65	0.39		-0.94	0.84	0.56	0.41	0.79	0.89	0.8	-0.96	0.3	0.99	0.85	0.82	0.73	0.93	0.95	0.5	0.94	0.96	-0.94	0.94
Retained Earnings	-0.79	-0.67	0.72	-0.79	-0.32	-0.94		-0.78	-0.39	-0.32	-0.9	-0.97	-0.92	0.92	-0.14	-0.92	-0.8	-0.79	-0.67	-0.86	-0.92	-0.68	-0.97	-0.89	0.95	-0.91
Accounts Payable	0.98	0.9	-0.22	0.47	0.73	0.84	-0.78		0.78	0.74	0.76	0.7	0.55	-0.74	0.46	0.9	0.98	0.89	0.88	0.97	0.86	0.31	0.85	0.86	-0.83	0.82
Cash	0.82	0.92	0.13	0.14	0.88	0.56	-0.39	0.78		0.83	0.21	0.19	0.03	-0.56	0.56	0.67	0.82	0.82	0.92	0.77	0.64	-0.33	0.55	0.66	-0.55	0.56
Non Current Assets Total	0.79	0.77	0.41	0.35	0.98	0.41	-0.32	0.74	0.83		0.3	0.17	-0.05	-0.34	0.14	0.51	0.79	0.79	0.77	0.66	0.6	-0.26	0.51	0.6	-0.55	0.56
Net Receivables	0.72	0.52	-0.58	0.72	0.26	0.79	-0.9	0.76	0.21	0.3		0.95	0.9	-0.68	0.08	0.77	0.73	0.64	0.5	0.76	0.77	0.84	0.86	0.72	-0.82	0.76
Common Stock Shares Outstanding	0.68	0.49	-0.76	0.76	0.14	0.89	-0.97	0.7	0.19	0.17	0.95		0.96	-0.82	0.07	0.84	0.69	0.64	0.48	0.77	0.83	0.83	0.89	0.81	-0.88	0.84
Non Current Liabilities Total	0.53	0.38	-0.87	0.68	-0.05	0.8	-0.92	0.55	0.03	-0.05	0.9	0.96		-0.77	0.1	0.74	0.54	0.5	0.37	0.64	0.7	0.89	0.81	0.65	-0.76	0.7
Capital Lease Obligations	-0.79	-0.75	0.7	-0.66	-0.36	-0.96	0.92	-0.74	-0.56	-0.34	-0.68	-0.82	-0.77		-0.28	-0.95	-0.79	-0.82	-0.76	-0.87	-0.93	-0.41	-0.92	-0.92	0.92	-0.9
Inventory	0.38	0.52	-0.14	-0.47	0.22	0.3	-0.14	0.46	0.56	0.14	0.08	0.07	0.1	-0.28		0.38	0.36	0.24	0.51	0.44	0.14	-0.09	0.15	0.17	-0.05	0.04
Total Liab	0.92	0.84	-0.55	0.61	0.52	0.99	-0.92	0.9	0.67	0.51	0.77	0.84	0.74	-0.95	0.38		0.92	0.89	0.84	0.97	0.96	0.42	0.95	0.96	-0.94	0.93
Net Invested Capital	1.0	0.94	-0.22	0.57	0.79	0.85	-0.8	0.98	0.82	0.79	0.73	0.69	0.54	-0.79	0.36	0.92		0.97	0.93	0.98	0.92	0.24	0.9	0.9	-0.89	0.87
Property Plant And Equipment Gross	0.96	0.95	-0.23	0.66	0.81	0.82	-0.79	0.89	0.82	0.79	0.64	0.64	0.5	-0.82	0.24	0.89	0.97		0.95	0.93	0.93	0.15	0.91	0.89	-0.91	0.88
Short Long Term Debt	0.94	1.0	-0.16	0.4	0.83	0.73	-0.67	0.88	0.92	0.77	0.5	0.48	0.37	-0.76	0.51	0.84	0.93	0.95		0.91	0.81	0.0	0.79	0.78	-0.76	0.73
Total Current Assets	0.98	0.91	-0.38	0.55	0.67	0.93	-0.86	0.97	0.77	0.66	0.76	0.77	0.64	-0.87	0.44	0.97	0.98	0.93	0.91		0.94	0.33	0.92	0.93	-0.9	0.89
Capital Stock	0.91	0.81	-0.47	0.78	0.59	0.95	-0.92	0.86	0.64	0.6	0.77	0.83	0.7	-0.93	0.14	0.96	0.92	0.93	0.81	0.94		0.39	0.97	0.99	-0.99	0.99
Net Working Capital	0.24	0.02	-0.73	0.54	-0.3	0.5	-0.68	0.31	-0.33	-0.26	0.84	0.83	0.89	-0.41	-0.09	0.42	0.24	0.15	0.0	0.33	0.39		0.53	0.34	-0.48	0.42
Common Stock	0.89	0.8	-0.56	0.8	0.52	0.94	-0.97	0.85	0.55	0.51	0.86	0.89	0.81	-0.92	0.15	0.95	0.9	0.91	0.79	0.92	0.97	0.53		0.93	-0.99	0.95
Property Plant Equipment	0.9	0.78	-0.44	0.71	0.57	0.96	-0.89	0.86	0.66	0.6	0.72	0.81	0.65	-0.92	0.17	0.96	0.9	0.89	0.78	0.93	0.99	0.34	0.93		-0.96	0.99
Other Current Liab	-0.88	-0.76	0.52	-0.84	-0.53	-0.94	0.95	-0.83	-0.55	-0.55	-0.82	-0.88	-0.76	0.92	-0.05	-0.94	-0.89	-0.91	-0.76	-0.9	-0.99	-0.48	-0.99	-0.96		-0.98
Other Liab	0.86	0.73	-0.47	0.81	0.53	0.94	-0.91	0.82	0.56	0.56	0.76	0.84	0.7	-0.9	0.04	0.93	0.87	0.88	0.73	0.89	0.99	0.42	0.95	0.99	-0.98

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Bitcoin Net Invested Capital vs Net Tangible Assets Analysis

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Tangible Assets

Bitcoin Well fundamental ratios Correlations

Bitcoin Well Account Relationship Matchups

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Net Invested Capital	+ 1.0	Total Assets
Short Long Term Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Net Debt
Property Plant Equipment	+ 0.99	Capital Stock
Other Liab	+ 0.99	Capital Stock
Other Liab	+ 0.99	Property Plant Equipment

Other Current Liab	- 0.99	Common Stock
Other Current Liab	- 0.99	Capital Stock
Other Liab	- 0.98	Other Current Liab
Common Stock	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.97	Retained Earnings
Other Current Liab	- 0.96	Property Plant Equipment