GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » Scaled Net Operating Assets

BIT Mining (BIT Mining) Scaled Net Operating Assets : 0.54 (As of Sep. 2023)


View and export this data going back to 2013. Start your Free Trial

What is BIT Mining Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

BIT Mining's operating assets for the quarter that ended in Sep. 2023 was $73.0 Mil. BIT Mining's operating liabilities for the quarter that ended in Sep. 2023 was $28.4 Mil. BIT Mining's Total Assets for the quarter that ended in Jun. 2023 was $82.1 Mil. Therefore, BIT Mining's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.54.


BIT Mining Scaled Net Operating Assets Historical Data

The historical data trend for BIT Mining's Scaled Net Operating 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.

* Premium members only.

BIT Mining Scaled Net Operating Assets Chart

BIT Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.14 2.70 0.17 0.46

BIT Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Scaled Net Operating Assets 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 0.25 0.53 0.53 0.54 0.52

Competitive Comparison of BIT Mining's Scaled Net Operating Assets

For the Information Technology Services subindustry, BIT Mining's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Mining's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where BIT Mining's Scaled Net Operating Assets falls into.



BIT Mining Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

BIT Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(78.996-29.472)/294.229
=0.17

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=86.804 - 7.808
=78.996

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.676 - 2.837 - 1.367
=29.472

BIT Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Jun. 2023 )
=(72.971-28.369)/82.148
=0.54

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=75.612 - 2.641
=72.971

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.424 - 2.593 - 1.462
=28.369

* 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.


BIT Mining Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of BIT Mining's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


BIT Mining (BIT Mining) Business Description

Industry
Traded in Other Exchanges
Address
428 South Seiberling Street, Akron, OH, USA, 44306
BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.