Bitfarms (STU:1B2) Total Assets : €392.4 Mil (As of Mar. 2024)

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What is Bitfarms Total Assets?

Bitfarms's Total Assets for the quarter that ended in Mar. 2024 was €392.4 Mil.

Warning Sign:

If a company builds assets at 72.9% a year, faster than its revenue growth rate of 3.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Bitfarms's average Total Assets Growth Rate was 2.50% per year. During the past 3 years, the average Total Assets Growth Rate was 81.90% per year. During the past 5 years, the average Total Assets Growth Rate was 72.90% per year.

During the past 7 years, Bitfarms's highest 3-Year average Total Assets Growth Rate was 135.20%. The lowest was 15.20%. And the median was 83.10%.

Total Assets is connected with ROA %. Bitfarms's annualized ROA % for the quarter that ended in Mar. 2024 was -5.95%. Total Assets is also linked to Revenue through Asset Turnover. Bitfarms's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Bitfarms Total Assets Historical Data

The historical data trend for Bitfarms's Total 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.

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Bitfarms Total Assets Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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47.57

42.50

480.19

323.89

347.29

Bitfarms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															310.07	300.56	311.83	347.29	392.36

Bitfarms Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bitfarms's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	270.297	+	76.994
	=	347.3

Bitfarms's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	336.181	+	56.174
	=	392.4

Bitfarms (STU:1B2) Total Assets Explanation

Total Assets is connected with ROA %.

Bitfarms's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-22.008	/	( (347.291	+	392.355)	/ 2 )
	=	-22.008	/	369.823
	=	-5.95 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bitfarms's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	46.292	/	( (347.291	+	392.355)	/ 2 )
=	46.292	/	369.823
=	0.13

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bitfarms Total Assets Related Terms

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Bitfarms (STU:1B2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (STU:1B2) » Definitions » Total Assets

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BITF:USA 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.

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