Abits Group (Abits Group) Gross-Profit-to-Asset % : 9.57% (As of Dec. 2023)

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What is Abits Group Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Abits Group's annualized Gross Profit for the quarter that ended in Dec. 2023 was $1.59 Mil. Abits Group's average Total Assets over the quarter that ended in Dec. 2023 was $16.66 Mil. Therefore, Abits Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 9.57%.

Abits Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Abits Group's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abits Group Gross-Profit-to-Asset % Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

14.65

39.24

4.37

-1.84

4.29

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			0.05	0.19	-1.84	-0.06	9.57

Competitive Comparison of Abits Group's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Abits Group's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abits Group's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Abits Group's Gross-Profit-to-Asset % falls into.

Abits Group Gross-Profit-to-Asset % Calculation

Abits Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	0.79	/	( (24.531	+	12.318)	/ 2 )
	=	0.79	/	18.4245
	=	4.29 %

Abits Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	1.594	/	( (21.002	+	12.318)	/ 2 )
	=	1.594	/	16.66
	=	9.57 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Abits Group Gross-Profit-to-Asset % Related Terms

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Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000