Abits Group Inc.
Abits Group Inc., through its subsidiary, operates in the bitcoin mining business in the United States. It also provides in-house support services. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.
Abits Group Inc. (ABTS) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2025: -0.057x
Based on the latest financial reports, Abits Group Inc. (ABTS) has a cash flow conversion efficiency ratio of -0.057x as of June 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-570.44K) by net assets ($10.03 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Abits Group Inc. - Cash Flow Conversion Efficiency Trend (2014–2024)
This chart illustrates how Abits Group Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Abits Group Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Abits Group Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Signaux Girod
PA:ALGIR
|
0.110x |
|
Apptech Corp
NASDAQ:APCX
|
-0.455x |
|
Field Solutions Holdings Ltd
AU:FSG
|
0.158x |
|
Companhia de Fiacao e Tecidos Cedro Cachoeira
SA:CEDO3
|
0.099x |
|
GGL Resources Corp
PINK:GGLXF
|
-0.002x |
|
WAFA ASSURANCE
BC:WAFA-ASSURANCE
|
N/A |
|
Unith Ltd
AU:UNT
|
-0.079x |
|
Alta Zinc Limited
F:8EE
|
-0.151x |
Annual Cash Flow Conversion Efficiency for Abits Group Inc. (2014–2024)
The table below shows the annual cash flow conversion efficiency of Abits Group Inc. from 2014 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $10.38 Million | $1.92 Million | 0.185x | +18.98% |
| 2023-12-31 | $11.31 Million | $1.76 Million | 0.155x | +150.75% |
| 2022-12-31 | $23.92 Million | $-7.32 Million | -0.306x | -82.20% |
| 2021-12-31 | $6.57 Million | $-1.10 Million | -0.168x | +96.12% |
| 2020-12-31 | $400.77K | $-1.73 Million | -4.327x | -26.98% |
| 2019-12-31 | $345.60K | $-1.18 Million | -3.408x | -674.77% |
| 2018-12-31 | $-10.38 Million | $-6.15 Million | 0.593x | -79.63% |
| 2017-12-31 | $-2.96 Million | $-8.61 Million | 2.911x | -99.61% |
| 2016-12-31 | $-10.16K | $-7.50 Million | 738.529x | +95025.32% |
| 2015-12-31 | $6.74 Million | $-5.24 Million | -0.778x | -269.43% |
| 2014-12-31 | $-4.59 Million | $-2.11 Million | 0.459x | -- |