Bit Capex To Revenue vs Income Quality Analysis

BTOG Stock

USD 1.38 0.05 3.76%

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

For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.

Capex To Revenue vs Income Quality

Capex To Revenue vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bit Origin Capex To Revenue account and Income Quality. At this time, the significance of the direction appears to have strong relationship.

The correlation between Bit Origin's Capex To Revenue and Income Quality is 0.69. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Income Quality in the same time period over historical financial statements of Bit Origin, assuming nothing else is changed. The correlation between historical values of Bit Origin's Capex To Revenue and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Bit Origin are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Capex To Revenue i.e., Bit Origin's Capex To Revenue and Income Quality go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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

For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.The Bit Origin's current Discontinued Operations is estimated to increase to about 8.1 M, while Selling General Administrative is projected to decrease to roughly 2.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	54.1K	227.4K	204.6K	194.4K
Depreciation And Amortization	276.8K	5.4M	6.2M	6.5M

Interest Expense Depreciation And Amortization

Bit Origin fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets
Common Stock Shares Outstanding		-0.63	-0.8	-0.32	-0.71	0.13	0.6	0.87	-0.79	-0.92	-0.22	-0.25	0.43	-0.54	-0.25	-0.79	0.9	-0.16	0.96	-0.67	-0.76	-0.76	-0.79	0.98	0.63	0.84
Total Assets	-0.63		0.55	0.65	0.75	0.34	-0.27	-0.32	0.46	0.53	0.58	0.69	0.1	0.55	0.69	0.46	-0.69	0.68	-0.46	0.78	0.9	0.11	0.25	-0.54	0.15	-0.42
Short Long Term Debt Total	-0.8	0.55		0.18	0.54	0.04	-0.25	-0.9	0.99	0.92	-0.17	0.37	-0.5	0.11	0.37	0.66	-0.85	0.28	-0.86	0.51	0.73	0.83	0.87	-0.85	-0.58	-0.52
Other Current Liab	-0.32	0.65	0.18		0.88	-0.34	-0.59	0.03	0.15	0.1	0.23	0.28	-0.14	0.15	0.28	0.08	-0.54	0.85	-0.22	0.9	0.69	-0.16	-0.08	-0.31	0.26	-0.57
Total Current Liabilities	-0.71	0.75	0.54	0.88		-0.36	-0.76	-0.42	0.5	0.53	0.2	0.36	-0.41	0.28	0.36	0.48	-0.85	0.67	-0.64	0.99	0.88	0.29	0.36	-0.71	-0.13	-0.82
Total Stockholder Equity	0.13	0.34	0.04	-0.34	-0.36		0.64	0.14	-0.04	0.02	0.5	0.47	0.69	0.34	0.47	-0.02	0.24	0.01	0.25	-0.31	0.02	-0.22	-0.11	0.25	0.35	0.58
Property Plant And Equipment Net	0.6	-0.27	-0.25	-0.59	-0.76	0.64		0.38	-0.26	-0.41	-0.04	0.02	0.57	-0.21	0.02	-0.5	0.63	-0.16	0.59	-0.73	-0.5	-0.35	-0.4	0.62	0.42	0.86
Current Deferred Revenue	0.87	-0.32	-0.9	0.03	-0.42	0.14	0.38		-0.91	-0.96	0.2	-0.17	0.64	-0.18	-0.17	-0.79	0.8	0.1	0.96	-0.37	-0.56	-0.97	-0.97	0.92	0.82	0.63
Net Debt	-0.79	0.46	0.99	0.15	0.5	-0.04	-0.26	-0.91		0.91	-0.24	0.22	-0.52	0.11	0.22	0.59	-0.82	0.25	-0.87	0.46	0.65	0.87	0.89	-0.85	-0.67	-0.55
Retained Earnings	-0.92	0.53	0.92	0.1	0.53	0.02	-0.41	-0.96	0.91		0.0	0.33	-0.51	0.33	0.33	0.84	-0.86	0.04	-0.95	0.5	0.71	0.89	0.94	-0.94	-0.71	-0.64
Accounts Payable	-0.22	0.58	-0.17	0.23	0.2	0.5	-0.04	0.2	-0.24	0.0		0.3	0.67	0.87	0.3	0.08	0.01	0.19	0.07	0.23	0.23	-0.35	-0.29	-0.01	0.38	-0.08
Cash	-0.25	0.69	0.37	0.28	0.36	0.47	0.02	-0.17	0.22	0.33	0.3		-0.04	0.06	1.0	0.55	-0.38	0.29	-0.19	0.42	0.69	0.01	0.15	-0.23	0.35	0.06
Non Current Assets Total	0.43	0.1	-0.5	-0.14	-0.41	0.69	0.57	0.64	-0.52	-0.51	0.67	-0.04		0.46	-0.04	-0.58	0.6	0.13	0.65	-0.37	-0.35	-0.69	-0.66	0.61	0.62	0.55
Non Currrent Assets Other	-0.54	0.55	0.11	0.15	0.28	0.34	-0.21	-0.18	0.11	0.33	0.87	0.06	0.46		0.06	0.25	-0.24	0.09	-0.3	0.27	0.28	0.07	0.09	-0.35	-0.09	-0.39
Cash And Short Term Investments	-0.25	0.69	0.37	0.28	0.36	0.47	0.02	-0.17	0.22	0.33	0.3	1.0	-0.04	0.06		0.55	-0.38	0.29	-0.19	0.42	0.69	0.01	0.15	-0.23	0.35	0.06
Net Receivables	-0.79	0.46	0.66	0.08	0.48	-0.02	-0.5	-0.79	0.59	0.84	0.08	0.55	-0.58	0.25	0.55		-0.75	-0.18	-0.82	0.47	0.68	0.7	0.77	-0.81	-0.51	-0.55
Inventory	0.9	-0.69	-0.85	-0.54	-0.85	0.24	0.63	0.8	-0.82	-0.86	0.01	-0.38	0.6	-0.24	-0.38	-0.75		-0.4	0.91	-0.83	-0.9	-0.68	-0.75	0.94	0.5	0.82
Other Current Assets	-0.16	0.68	0.28	0.85	0.67	0.01	-0.16	0.1	0.25	0.04	0.19	0.29	0.13	0.09	0.29	-0.18	-0.4		-0.06	0.69	0.6	-0.23	-0.14	-0.14	0.38	-0.26
Other Stockholder Equity	0.96	-0.46	-0.86	-0.22	-0.64	0.25	0.59	0.96	-0.87	-0.95	0.07	-0.19	0.65	-0.3	-0.19	-0.82	0.91	-0.06		-0.59	-0.69	-0.9	-0.91	0.99	0.76	0.81
Total Liab	-0.67	0.78	0.51	0.9	0.99	-0.31	-0.73	-0.37	0.46	0.5	0.23	0.42	-0.37	0.27	0.42	0.47	-0.83	0.69	-0.59		0.89	0.22	0.31	-0.67	-0.05	-0.78
Total Current Assets	-0.76	0.9	0.73	0.69	0.88	0.02	-0.5	-0.56	0.65	0.71	0.23	0.69	-0.35	0.28	0.69	0.68	-0.9	0.6	-0.69	0.89		0.38	0.51	-0.75	-0.11	-0.61
Short Term Debt	-0.76	0.11	0.83	-0.16	0.29	-0.22	-0.35	-0.97	0.87	0.89	-0.35	0.01	-0.69	0.07	0.01	0.7	-0.68	-0.23	-0.9	0.22	0.38		0.97	-0.85	-0.9	-0.57
Intangible Assets	-0.79	0.25	0.87	-0.08	0.36	-0.11	-0.4	-0.97	0.89	0.94	-0.29	0.15	-0.66	0.09	0.15	0.77	-0.75	-0.14	-0.91	0.31	0.51	0.97		-0.87	-0.86	-0.56
Common Stock	0.98	-0.54	-0.85	-0.31	-0.71	0.25	0.62	0.92	-0.85	-0.94	-0.01	-0.23	0.61	-0.35	-0.23	-0.81	0.94	-0.14	0.99	-0.67	-0.75	-0.85	-0.87		0.7	0.85
Other Liab	0.63	0.15	-0.58	0.26	-0.13	0.35	0.42	0.82	-0.67	-0.71	0.38	0.35	0.62	-0.09	0.35	-0.51	0.5	0.38	0.76	-0.05	-0.11	-0.9	-0.86	0.7		0.57
Net Tangible Assets	0.84	-0.42	-0.52	-0.57	-0.82	0.58	0.86	0.63	-0.55	-0.64	-0.08	0.06	0.55	-0.39	0.06	-0.55	0.82	-0.26	0.81	-0.78	-0.61	-0.57	-0.56	0.85	0.57

Click cells to compare fundamentals

Bit Origin Account Relationship Matchups

Bit Origin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	747.3K	1.1M	2.0M	3.3M	3.8M	4.0M
Total Assets	63.3M	40.9M	35.0M	13.3M	12.0M	11.4M
Short Long Term Debt Total	18.3M	2.1M	1.7M	2.1M	1.9M	1.8M
Other Current Liab	17.2M	22.6M	(3.8M)	331.0K	297.9K	283.0K
Total Current Liabilities	32.7M	38.7M	300.0K	2.6M	2.3M	2.2M
Total Stockholder Equity	23.8M	(3.2M)	34.7M	10.3M	11.8M	17.9M
Property Plant And Equipment Net	6.2M	4.4K	8.0M	7.4M	8.5M	5.4M
Current Deferred Revenue	736.6K	1.3M	4.3M	4.4M	5.1M	5.3M
Net Debt	16.8M	2.1M	1.7M	2.1M	1.9M	1.8M
Retained Earnings	7.0M	(38.6M)	(36.0M)	(64.2M)	(57.8M)	(54.9M)
Accounts Payable	5.7M	10.0M	16.5M	667.9K	768.1K	729.7K
Cash	1.5M	7.6K	17.8K	16.3K	14.6K	13.9K
Non Current Assets Total	13.1M	8.4M	29.2M	9.8M	11.2M	11.9M
Non Currrent Assets Other	579.5K	6.0M	17.9M	(9.8M)	(11.2M)	(10.7M)
Cash And Short Term Investments	1.5M	7.6K	17.8K	16.3K	14.6K	13.9K
Net Receivables	9.8M	11.1M	4.4M	468.2K	421.4K	400.3K
Liabilities And Stockholders Equity	63.3M	40.9M	35.0M	13.3M	12.0M	11.4M
Inventory	(148.9K)	229.4K	1.2M	1.0M	1.2M	1.2M
Other Current Assets	39.4M	21.3M	162.5K	3.1M	3.6M	3.4M
Other Stockholder Equity	15.8M	33.8M	69.7M	73.4M	84.5M	88.7M
Total Liab	36.5M	42.5M	300.0K	3.1M	2.8M	2.6M
Total Current Assets	50.3M	32.5M	5.8M	3.6M	3.2M	3.1M
Short Term Debt	6.5M	782.1K	831.3K	1.6M	1.4M	1.4M
Intangible Assets	492.3K	462.7K	438.0K	299.6K	269.7K	349.7K
Common Stock	239.7K	407.2K	918.6K	1.0M	1.2M	1.2M
Net Tangible Assets	24.1M	18.6M	(3.2M)	34.7M	39.9M	41.8M
Other Assets	1.9M	7.9M	8.4M	18.2M	20.9M	21.9M
Non Current Liabilities Total	3.8M	3.8M	2.4M	486.3K	437.7K	415.8K
Net Invested Capital	41.5M	(1.1M)	34.7M	12.3M	11.1M	19.8M
Short Long Term Debt	7.9M	14.9M	2.1M	1.6M	1.4M	1.4M
Net Working Capital	17.5M	(6.2M)	5.5M	984.5K	886.1K	841.7K
Property Plant Equipment	3.3M	10.1K	4.4K	8.0M	9.2M	9.7M
Capital Stock	239.7K	407.2K	918.6K	1.0M	1.2M	615.9K

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

How To Invest In Bit

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Is Bit Stock a good investment?

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What is Bit Origin's Net Worth?

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

For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Is Packaged Foods & Meats 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 Origin. 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 Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(9.28)

Revenue Per Share

2.052

Quarterly Revenue Growth

0.402

Return On Assets

(0.35)

Return On Equity

(1.46)

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

Capex To Revenue vs Income Quality

Capex To Revenue vs Income Quality Correlation Analysis

Correlation Coefficient

Capex To Revenue

Income Quality

Bit Origin fundamental ratios Correlations

Bit Origin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bit Origin fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Other Stockholder Equity
Common Stock	+ 0.98	Common Stock Shares Outstanding
Intangible Assets	+ 0.97	Short Term Debt

Intangible Assets	- 0.97	Current Deferred Revenue
Short Term Debt	- 0.97	Current Deferred Revenue
Retained Earnings	- 0.96	Current Deferred Revenue
Other Stockholder Equity	- 0.95	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Retained Earnings	- 0.92	Common Stock Shares Outstanding