Bitfarms (Bitfarms) Capex-to-Operating-Income : 0.00 (As of Dec. 2023)

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What is Bitfarms Capex-to-Operating-Income?

Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.

Bitfarms's Capital Expenditure for the three months ended in Dec. 2023 was $-24.20 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-16.37 Mil.

GuruFocus do not calculate Capex-to-Operating-Income if the Operating Income is negative.

Bitfarms Capex-to-Operating-Income Historical Data

The historical data trend for Bitfarms's Capex-to-Operating-Income 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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Bitfarms Capex-to-Operating-Income Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Capex-to-Operating-Income

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16.34

3.08

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Capex-to-Operating-Income	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Bitfarms's Capex-to-Operating-Income

For the Capital Markets subindustry, Bitfarms's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income 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.

Bitfarms's Capex-to-Operating-Income Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Bitfarms's Capex-to-Operating-Income falls into.

Bitfarms Capex-to-Operating-Income Calculation

Bitfarms's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-71.305)	/	-64.002
	=	N/A

Bitfarms's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-24.196)	/	-16.368
	=	N/A

Bitfarms (NAS:BITF) Capex-to-Operating-Income Explanation

Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.

Bitfarms Capex-to-Operating-Income Related Terms

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Bitfarms (Bitfarms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (NAS:BITF) » Definitions » Capex-to-Operating-Income

Comparable Companies

Traded in Other Exchanges

1B2:Germany 1B2:Germany BITF:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.