Abits Group Inc. (ABTS) - Net Assets
Based on the latest financial reports, Abits Group Inc. (ABTS) has net assets worth $9.73 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.04 Million) and total liabilities ($3.31 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Abits Group Inc. (ABTS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.73 Million |
| % of Total Assets | 74.63% |
| Annual Growth Rate | 77.95% |
| 5-Year Change | 2490.23% |
| 10-Year Change | 54.01% |
| Growth Volatility | 4677.4 |
Abits Group Inc. - Net Assets Trend (2010–2024)
This chart illustrates how Abits Group Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore ABTS current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Abits Group Inc. (2010–2024)
The table below shows the annual net assets of Abits Group Inc. from 2010 to 2024. For live valuation and market cap data, see Abits Group Inc. (ABTS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.38 Million | -8.24% |
| 2023-12-31 | $11.31 Million | -52.70% |
| 2022-12-31 | $23.92 Million | +264.21% |
| 2021-12-31 | $6.57 Million | +1538.59% |
| 2020-12-31 | $400.77K | +15.96% |
| 2019-12-31 | $345.60K | +103.33% |
| 2018-12-31 | $-10.38 Million | -250.71% |
| 2017-12-31 | $-2.96 Million | -29017.99% |
| 2016-12-31 | $-10.16K | -100.15% |
| 2015-12-31 | $6.74 Million | +246.94% |
| 2014-12-31 | $-4.59 Million | -13675.89% |
| 2011-12-31 | $33.79K | +940.27% |
| 2010-12-31 | $3.25K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abits Group Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7880336200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $35.55K | 0.34% |
| Other Comprehensive Income | $-146.46K | -1.41% |
| Other Components | $89.30 Million | 860.18% |
| Total Equity | $10.38 Million | 100.00% |
Abits Group Inc. Competitors by Market Cap
The table below lists competitors of Abits Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rincon Resources Ltd
AU:RCR
|
$4.02 Million |
|
Forterra PLC
LSE:FORT
|
$4.03 Million |
|
Impera Capital S.A.
WAR:IMP
|
$4.03 Million |
|
Henderson High Income Trust
LSE:HHI
|
$4.03 Million |
|
Marshalls PLC
LSE:MSLH
|
$4.01 Million |
|
Genetic Technologies Ltd
AU:GTG
|
$4.01 Million |
|
Entreprendre
PA:ALENR
|
$4.01 Million |
|
Addentax Group Corp
NASDAQ:ATXG
|
$4.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abits Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,312,660 to 10,380,951, a change of -931,709 (-8.2%).
- Net loss of 931,709 reduced equity.
- Other comprehensive income decreased equity by 22,049.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-931.71K | -8.98% |
| Other Comprehensive Income | $-22.05K | -0.21% |
| Other Changes | $22.05K | +0.21% |
| Total Change | $- | -8.24% |
Book Value vs Market Value Analysis
This analysis compares Abits Group Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.29x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.08x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $0.16 | $1.27 | x |
| 2011-12-31 | $1.61 | $1.27 | x |
| 2014-12-31 | $-3.47 | $1.27 | x |
| 2015-12-31 | $5.06 | $1.27 | x |
| 2016-12-31 | $-0.01 | $1.27 | x |
| 2017-12-31 | $-3.33 | $1.27 | x |
| 2018-12-31 | $-11.55 | $1.27 | x |
| 2019-12-31 | $0.27 | $1.27 | x |
| 2020-12-31 | $0.31 | $1.27 | x |
| 2021-12-31 | $5.20 | $1.27 | x |
| 2022-12-31 | $10.48 | $1.27 | x |
| 2023-12-31 | $4.77 | $1.27 | x |
| 2024-12-31 | $4.38 | $1.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abits Group Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.88%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.10x
- Recent ROE (-8.98%) is above the historical average (-20.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -0.65% | 0.00% | 0.00x | 3.08x | $-345.80 |
| 2011 | -37.31% | 0.00% | 0.00x | 1.20x | $-15.99K |
| 2014 | 0.00% | -8537.37% | 0.02x | 0.00x | $-4.33 Million |
| 2015 | -73.26% | -5888.09% | 0.01x | 2.15x | $-5.61 Million |
| 2016 | 0.00% | -64313.91% | 0.00x | 0.00x | $-13.81 Million |
| 2017 | 0.00% | -14851.42% | 0.07x | 0.00x | $-13.40 Million |
| 2018 | 0.00% | -2528.46% | 1.12x | 0.00x | $-7.56 Million |
| 2019 | 86.94% | 81.11% | 0.21x | 5.04x | $265.89K |
| 2020 | 18.14% | 7.68% | 0.41x | 5.73x | $32.64K |
| 2021 | -41.72% | -1249.19% | 0.03x | 1.18x | $-3.40 Million |
| 2022 | -94.69% | -13774.45% | 0.01x | 1.03x | $-25.04 Million |
| 2023 | -111.43% | -749.63% | 0.14x | 1.09x | $-13.74 Million |
| 2024 | -8.98% | -13.88% | 0.59x | 1.10x | $-1.97 Million |
Industry Comparison
This section compares Abits Group Inc.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $-566,377,580
- Average return on equity (ROE) among peers: -30.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abits Group Inc. (ABTS) | $9.73 Million | -0.65% | 0.34x | $4.02 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $395.54 Million |
| Sphere 3D Corp (ANY) | $1.24 Million | -345.24% | 5.78x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-6.80 Billion | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $43.47 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $592.51 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.05 Billion |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $18.73 Million | 4.67% | 4.46x | $49.89 Million |
About 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.