Bitcoin Well (FRA:BH9) Asset Turnover: 1.32 (As of Mar. 2026)


What is Bitcoin Well Asset Turnover?

Bitcoin Well FRA:BH9 -21.43% Asset Turnover is 1.32 as of Mar. 2026. The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bitcoin Well's Revenue for the three months ended in Mar. 2026 was €22.01 Mil. Bitcoin Well's Total Assets for the quarter that ended in Mar. 2026 was €16.68 Mil. Therefore, Bitcoin Well's Asset Turnover for the quarter that ended in Mar. 2026 was 1.32.

Asset Turnover is linked to ROE % through Du Pont Formula. Bitcoin Well's annualized ROE % for the quarter that ended in Mar. 2026 was -107.43%. It is also linked to ROA % through Du Pont Formula. Bitcoin Well's annualized ROA % for the quarter that ended in Mar. 2026 was 34.66%.

Bitcoin Well  (FRA:BH9) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Bitcoin Well's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=5.78/-5.38
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.78 / 88.052)*(88.052 / 16.678)*(16.678/ -5.38)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.56 %*5.2795*-3.1
=ROA %*Equity Multiplier
=34.66 %*-3.1
=-107.43 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Bitcoin Well's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=5.78/16.678
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.78 / 88.052)*(88.052 / 16.678)
=Net Margin %*Asset Turnover
=6.56 %*5.2795
=34.66 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Bitcoin Well Asset Turnover Related Terms

Bitcoin Well Asset Turnover Historical Data

* Premium members only.

The historical data trend for Bitcoin Well's Asset Turnover 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.

Bitcoin Well Asset Turnover Chart

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial 5.72 3.56 3.74 4.19 4.41

Bitcoin Well Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover 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 1.25 1.33 1.02 1.01 1.32

FRA:BH9 vs MS, GS, SCHW: Asset Turnover Comparison

For the Capital Markets subindustry, Bitcoin Well's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.

Bitcoin Well Asset Turnover vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Well's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bitcoin Well's Asset Turnover falls into.


Bitcoin Well Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Bitcoin Well's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=82.31/( (18.785+18.514)/ 2 )
=82.31/18.6495
=4.41

Bitcoin Well's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=22.013/( (18.514+14.842)/ 2 )
=22.013/16.678
=1.32

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 1.32 mean?
Bitcoin Well (FRA:BH9) has a Asset Turnover of 1.32 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bitcoin Well and its competitors.
Is Bitcoin Well's Asset Turnover too high?
Bitcoin Well's current Asset Turnover is 1.32.
How does Bitcoin Well's Asset Turnover compare to MS and GS?
Bitcoin Well's Asset Turnover of 1.32 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Capital Markets company?
A good Asset Turnover depends on the Capital Markets industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Bitcoin Well and its competitors. Bitcoin Well's current Asset Turnover is 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Well stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Well (FRA:BH9) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.08, compared to a current price of €0.01 — trading 86.3% below its estimated fair value. The current Asset Turnover is 1.32. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Bitcoin Well (FRA:BH9), the current Asset Turnover is 1.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bitcoin Well Business Description

Other Exchanges BCNWF:USABTCW:Canada
Address 10175 - 101 Street NW, Suite 1700, Enbridge Centre, Edmonton, AB, CAN, T5J 0H3
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates in three operating business segments: Bitcoin ATMs, Online Bitcoin Portal and Bitcoin Well Infinite. It derives maximum revenue from the Bitcoin ATM segment, which comprises sales and expenses related to the company's Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal segment includes sales and expenses related to the company's online bitcoin platform. The Bitcoin Well Infinite segment includes sales and expenses related to large bitcoin transactions for high net worth individuals and businesses.