Bitfarms (Bitfarms) Gross-Profit-to-Asset % : 1.98% (As of Dec. 2023)

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What is Bitfarms 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. Bitfarms's annualized Gross Profit for the quarter that ended in Dec. 2023 was $7.0 Mil. Bitfarms's average Total Assets over the quarter that ended in Dec. 2023 was $355.8 Mil. Therefore, Bitfarms's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 1.98%.

Bitfarms Gross-Profit-to-Asset % Historical Data

The historical data trend for Bitfarms'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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Bitfarms Gross-Profit-to-Asset % Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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28.93

5.50

37.40

2.38

-5.96

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															-13.43	-9.90	-7.35	-10.77	1.98

Competitive Comparison of Bitfarms's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Bitfarms'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.

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

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

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

Bitfarms Gross-Profit-to-Asset % Calculation

Bitfarms'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 )
	=	-21.502	/	( (343.098	+	378.725)	/ 2 )
	=	-21.502	/	360.9115
	=	-5.96 %

Bitfarms'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: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	7.028	/	( (332.797	+	378.725)	/ 2 )
	=	7.028	/	355.761
	=	1.98 %

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 four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Bitfarms Gross-Profit-to-Asset % Related Terms

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Bitfarms (Bitfarms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (NAS:BITF) » Definitions » Gross-Profit-to-Asset %

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.