Bitech Technologies Corporation
Bitech Technologies Corporation focuses on providing a suite of green energy solutions in the United States. It focuses on developing battery energy storage system projects; commercial and renewable energy solutions, enterprise utility services, public service engagements, and other renewable energy initiatives, as well as energy management systems, energy storage systems, smart power systems, an… Read more
Bitech Technologies Corporation (BTTC) - Net Assets
Latest net assets as of September 2024: $21.79 Million USD
Based on the latest financial reports, Bitech Technologies Corporation (BTTC) has net assets worth $21.79 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.95 Million) and total liabilities ($1.15 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.79 Million |
| % of Total Assets | 94.97% |
| Annual Growth Rate | -41.15% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 255.16 |
Bitech Technologies Corporation - Net Assets Trend (2018–2022)
This chart illustrates how Bitech Technologies Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bitech Technologies Corporation (2018–2022)
The table below shows the annual net assets of Bitech Technologies Corporation from 2018 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $199.33K | +151.27% |
| 2021-12-31 | $-388.80K | -56.50% |
| 2020-12-31 | $-248.43K | -607.37% |
| 2019-12-31 | $48.96K | -97.05% |
| 2018-12-31 | $1.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bitech Technologies Corporation'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 grown by 1713162500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.30 Million | 650.15% |
| Total Equity | $199.33K | 100.00% |
Bitech Technologies Corporation Competitors by Market Cap
The table below lists competitors of Bitech Technologies Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samyang Packaging
KO:272550
|
$32.33 Million |
|
Daejung Chemicals & Metals Co.Ltd
KQ:120240
|
$32.33 Million |
|
Kabra Extrusion Technik Limited
NSE:KABRAEXTRU
|
$32.33 Million |
|
Adtraction Group AB
ST:ADTR
|
$32.33 Million |
|
Lytix Biopharma AS
OL:LYTIX
|
$32.31 Million |
|
Launch Technologies Co Ltd
TWO:8420
|
$32.31 Million |
|
reAlpha Tech Corp. Common Stock
NASDAQ:AIRE
|
$32.30 Million |
|
FGV Holdings Bhd
KLSE:5222
|
$32.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bitech Technologies Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -388,795 to 199,326, a change of 588,121.
- Net loss of 811,635 reduced equity.
- New share issuances of 150,000 increased equity.
- Other factors increased equity by 1,249,756.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-811.63K | -407.19% |
| Share Issuances | $150.00K | +75.25% |
| Other Changes | $1.25 Million | +626.99% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Bitech Technologies Corporation'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: 29146.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 137.29x to 29146.98x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.08 | $11.27 | x |
| 2019-12-31 | $0.00 | $11.27 | x |
| 2020-12-31 | $-0.01 | $11.27 | x |
| 2021-12-31 | $-0.02 | $11.27 | x |
| 2022-12-31 | $0.00 | $11.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bitech Technologies Corporation 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): -407.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3098.20%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.06x
- Recent ROE (-407.19%) is above the historical average (-748.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -40.42% | -36.59% | 0.54x | 2.04x | $-837.81K |
| 2019 | -3293.38% | -770.19% | 0.18x | 23.70x | $-1.62 Million |
| 2020 | 0.00% | -172.88% | 0.60x | 0.00x | $-272.55K |
| 2021 | 0.00% | -83.12% | 3.86x | 0.00x | $-101.49K |
| 2022 | -407.19% | -3098.20% | 0.12x | 1.06x | $-831.57K |
Industry Comparison
This section compares Bitech Technologies Corporation's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bitech Technologies Corporation (BTTC) | $21.79 Million | -40.42% | 0.05x | $32.32 Million |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |