What is the Return on Assets (ROA) of Bit Digital this year?
The Return on Assets (ROA) of Bit Digital is -0.07 undefined this year.
Bit Digital ROA 2024
Bit Digital ROA
-0.07
Ticker
BTBT
ISIN
KYG1144A1058
WKN
A2QFQV
In 2024, Bit Digital's return on assets (ROA) was -0.07, a -93% increase from the -1.05 ROA in the previous year.
Bit Digital Aktienanalyse
What does Bit Digital do?
Bit Digital ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Bit Digital's Return on Assets (ROA)
Bit Digital's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Bit Digital's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Bit Digital's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Bit Digital’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Bit Digital stock
What was the ROA of Bit Digital compared to the previous year?
The ROA of Bit Digital has increased by -93% compared to the previous year.
What consequences do high ROA have for investors of Bit Digital?
A high ROA is advantageous for investors of Bit Digital, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Bit Digital?
A low ROA can be unfavorable for investors of Bit Digital as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Bit Digital affect the company?
An increase in ROA of Bit Digital can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Bit Digital impact the company?
A reduction in the ROA of Bit Digital can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Bit Digital?
Some factors that can influence the ROA of Bit Digital include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Bit Digital important for investors?
The ROA of Bit Digital is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Bit Digital take to improve ROA?
To improve ROA, Bit Digital can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Bit Digital pay?
Over the past 12 months, Bit Digital paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Bit Digital is expected to pay a dividend of 0 USD.
What is the dividend yield of Bit Digital?
The current dividend yield of Bit Digital is .
When does Bit Digital pay dividends?
Bit Digital pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Bit Digital?
Bit Digital paid dividends every year for the past 0 years.
What is the dividend of Bit Digital?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Bit Digital located?
Bit Digital is assigned to the 'Information technology' sector.
Wann musste ich die Aktien von Bit Digital kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Bit Digital from 12/17/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 12/17/2024.
When did Bit Digital pay the last dividend?
The last dividend was paid out on 12/17/2024.
What was the dividend of Bit Digital in the year 2023?
In the year 2023, Bit Digital distributed 0 USD as dividends.
In which currency does Bit Digital pay out the dividend?
The dividends of Bit Digital are distributed in USD.
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Andere Kennzahlen von Bit Digital
Our stock analysis for Bit Digital Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Bit Digital Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.