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Bit Digital (Bit Digital) Gross-Profit-to-Asset % : 16.43% (As of Dec. 2023)


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What is Bit Digital 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. Bit Digital's annualized Gross Profit for the quarter that ended in Dec. 2023 was $24.49 Mil. Bit Digital's average Total Assets over the quarter that ended in Dec. 2023 was $149.03 Mil. Therefore, Bit Digital's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 16.43%.


Bit Digital Gross-Profit-to-Asset % Historical Data

The historical data trend for Bit Digital'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.

* Premium members only.

Bit Digital Gross-Profit-to-Asset % Chart

Bit Digital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only - 31.34 61.19 8.70 10.60

Bit Digital Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.30 12.87 32.48 10.57 16.43

Competitive Comparison of Bit Digital's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Bit Digital'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.


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

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

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



Bit Digital Gross-Profit-to-Asset % Calculation

Bit Digital'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 )
=15.36/( (100.421+189.328)/ 2 )
=15.36/144.8745
=10.60 %

Bit Digital'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 )
=24.492/( (108.732+189.328)/ 2 )
=24.492/149.03
=16.43 %

* 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.

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.


Bit Digital Gross-Profit-to-Asset % Related Terms

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Bit Digital (Bit Digital) Business Description

Traded in Other Exchanges
Address
33 Irving Place, New York, NY, USA, 10003
Bit Digital Inc is engaged in the Bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.