GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BTC Digital Ltd (NAS:BTCT) » Definitions » Gross Profit

BTCT (BTC Digital) Gross Profit : $-1.09 Mil (TTM As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is BTC Digital Gross Profit?

BTC Digital's gross profit for the three months ended in Sep. 2024 was $-0.26 Mil. BTC Digital's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.09 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BTC Digital's gross profit for the three months ended in Sep. 2024 was $-0.26 Mil. BTC Digital's Revenue for the three months ended in Sep. 2024 was $2.56 Mil. Therefore, BTC Digital's Gross Margin % for the quarter that ended in Sep. 2024 was -10.20%.

BTC Digital had a gross margin of -10.20% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 7 years, the highest Gross Margin % of BTC Digital was 59.30%. The lowest was -12.82%. And the median was 47.83%.


BTC Digital Gross Profit Historical Data

The historical data trend for BTC Digital's Gross Profit 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.

BTC Digital Gross Profit Chart

BTC Digital Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial 98.98 - - 1.77 -1.14

BTC Digital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit 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 -0.54 -0.48 -0.13 -0.21 -0.26

Competitive Comparison of BTC Digital's Gross Profit

For the Computer Hardware subindustry, BTC Digital's Gross Profit, along with its competitors' market caps and Gross Profit 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.


BTC Digital's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BTC Digital's Gross Profit distribution charts can be found below:

* The bar in red indicates where BTC Digital's Gross Profit falls into.



BTC Digital Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

BTC Digital's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=9.073 - 10.208
=-1.14

BTC Digital's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=2.559 - 2.82
=-0.26

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.09 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

BTC Digital's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=-0.26 / 2.559
=-10.20 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


BTC Digital  (NAS:BTCT) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

BTC Digital had a gross margin of -10.20% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


BTC Digital Gross Profit Related Terms

Thank you for viewing the detailed overview of BTC Digital's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


BTC Digital Business Description

Traded in Other Exchanges
N/A
Address
2nd Shenyun West Road, 3rd Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000
BTC Digital Ltd is a crypto asset technology company based in the U.S. with a focus on bitcoin mining. The company also generates revenue through mining machine resale and rental business operations.