Abits Group (Abits Group) Total Assets : $12.32 Mil (As of Dec. 2023)

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What is Abits Group Total Assets?

Abits Group's Total Assets for the quarter that ended in Dec. 2023 was $12.32 Mil.

During the past 12 months, Abits Group's average Total Assets Growth Rate was -48.10% per year. During the past 3 years, the average Total Assets Growth Rate was 70.90% per year.

During the past 5 years, Abits Group's highest 3-Year average Total Assets Growth Rate was 118.90%. The lowest was 70.90%. And the median was 94.90%.

Total Assets is connected with ROA %. Abits Group's annualized ROA % for the quarter that ended in Dec. 2023 was -109.27%. Total Assets is also linked to Revenue through Asset Turnover. Abits Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Abits Group Total Assets Historical Data

The historical data trend for Abits Group's Total Assets 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 Total Assets Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Total Assets

2.53

2.30

7.74

24.53

12.32

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			7.74	45.36	24.53	21.00	12.32

Abits Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Abits Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	11.313	+	1.006
	=	12.32

Abits Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	11.313	+	1.006
	=	12.32

Abits Group (NAS:ABTS) Total Assets Explanation

Total Assets is connected with ROA %.

Abits Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-18.204	/	( (21.002	+	12.318)	/ 2 )
	=	-18.204	/	16.66
	=	-109.27 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Abits Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.674	/	( (21.002	+	12.318)	/ 2 )
=	1.674	/	16.66
=	0.10

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Abits Group Total Assets 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 » Total Assets

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