Bit Origin Ltd (BTOG) - Net Assets
Based on the latest financial reports, Bit Origin Ltd (BTOG) has net assets worth $3.16 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 ($3.54 Million) and total liabilities ($372.08K). 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 how resilient are Bit Origin Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.16 Million |
| % of Total Assets | 89.48% |
| Annual Growth Rate | -9.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 107.21 |
Bit Origin Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Bit Origin Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Bit Origin Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Bit Origin Ltd (2016–2025)
The table below shows the annual net assets of Bit Origin Ltd from 2016 to 2025. For live valuation and market cap data, see how much is Bit Origin Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $3.16 Million | +247.89% |
| 2024-06-30 | $909.58K | -91.14% |
| 2023-06-30 | $10.26 Million | -70.39% |
| 2022-06-30 | $34.65 Million | +2239.21% |
| 2021-06-30 | $-1.62 Million | -106.04% |
| 2020-06-30 | $26.83 Million | +9.38% |
| 2019-06-30 | $24.53 Million | +74.76% |
| 2018-06-30 | $14.03 Million | +38.51% |
| 2017-06-30 | $10.13 Million | +34.58% |
| 2016-06-30 | $7.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bit Origin Ltd'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 3373.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.69 Million | 453.67% |
| Other Components | $74.47 Million | 1909.47% |
| Total Equity | $3.90 Million | 100.00% |
Bit Origin Ltd Competitors by Market Cap
The table below lists competitors of Bit Origin Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fly-E Group, Inc. Common Stock
NASDAQ:FLYE
|
$3.28 Million |
|
New Zealand Coastal Seafoods Ltd
AU:NZS
|
$3.28 Million |
|
Super Spinning Mills Limited
NSE:SUPERSPIN
|
$3.28 Million |
|
Thai Mui Corporation Public Company Limited
BK:THMUI
|
$3.29 Million |
|
Southern Empire Resources Corp
V:SMP
|
$3.27 Million |
|
Eezy PLC
HE:EEZY
|
$3.26 Million |
|
Icon Energy Ltd
AU:ICN
|
$3.26 Million |
|
GRANITE CREEK COPPER
F:GRK
|
$3.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bit Origin Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,662,644 to 3,900,132, a change of 2,237,488 (134.6%).
- Net loss of 6,533,987 reduced equity.
- Other factors increased equity by 8,771,475.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.53 Million | -167.53% |
| Other Changes | $8.77 Million | +224.9% |
| Total Change | $- | 134.57% |
Book Value vs Market Value Analysis
This analysis compares Bit Origin Ltd'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: 0.22x
- 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 increased from 0.00x to 0.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | $569.56 | $2.22 | x |
| 2017-06-30 | $766.52 | $2.22 | x |
| 2018-06-30 | $1197.88 | $2.22 | x |
| 2019-06-30 | $1855.44 | $2.22 | x |
| 2020-06-30 | $1911.55 | $2.22 | x |
| 2021-06-30 | $-174.78 | $2.22 | x |
| 2022-06-30 | $1031.40 | $2.22 | x |
| 2023-06-30 | $187.76 | $2.22 | x |
| 2024-06-30 | $19.03 | $2.22 | x |
| 2025-06-30 | $10.13 | $2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bit Origin Ltd 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): -167.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16543.83%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.91x
- Recent ROE (-167.53%) is below the historical average (-141.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 29.01% | 6.31% | 2.25x | 2.05x | $1.43 Million |
| 2017 | 24.23% | 3.88% | 2.34x | 2.67x | $1.44 Million |
| 2018 | 23.80% | 3.73% | 3.00x | 2.13x | $2.18 Million |
| 2019 | 17.79% | 4.40% | 1.93x | 2.09x | $1.91 Million |
| 2020 | -20.49% | -20.11% | 0.38x | 2.66x | $-7.26 Million |
| 2021 | 0.00% | -56.66% | 1.97x | 0.00x | $-45.29 Million |
| 2022 | 9.35% | 1684.10% | 0.01x | 1.01x | $-226.11K |
| 2023 | -274.98% | -450.66% | 0.47x | 1.30x | $-29.24 Million |
| 2024 | -1054.47% | -607.06% | 0.43x | 4.02x | $-17.70 Million |
| 2025 | -167.53% | -16543.83% | 0.01x | 0.91x | $-6.92 Million |
Industry Comparison
This section compares Bit Origin Ltd's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $6,667,921,000
- Average return on equity (ROE) among peers: 15.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bit Origin Ltd (BTOG) | $3.16 Million | 29.01% | 0.12x | $3.28 Million |
| CME Group Inc (CME) | $25.97 Billion | 7.56% | 1.98x | $105.05 Billion |
| Coinbase Global Inc (COIN) | $14.79 Billion | 8.52% | 1.01x | $42.66 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $-17.70 Million | 0.00% | 0.00x | $4.08 Billion |
| FactSet Research Systems Inc (FDS) | $500.83 Million | 28.94% | 0.26x | $7.85 Billion |
| Intercontinental Exchange Inc (ICE) | $12.94 Billion | 1.96% | 4.01x | $87.66 Billion |
| Moodys Corporation (MCO) | $3.73 Billion | 55.22% | 3.16x | $81.13 Billion |
| Marketwise Inc (MKTW) | $-405.26 Million | 0.00% | 0.00x | $42.82 Million |
| Morningstar Inc (MORN) | $934.70 Million | 19.58% | 0.56x | $6.75 Billion |
| MSCI Inc (MSCI) | $1.58 Billion | 14.12% | 0.99x | $40.30 Billion |
About Bit Origin Ltd
Bit Origin Ltd engages in the cryptocurrency mining business. It deploys crypto asset mining and blockchain technologies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.