Bit Brother Limited
Bit Brother Limited engages in the retail and distribution of specialty tea products in China. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries, such as fresh baked bread, fresh baked cakes, frosting cakes, etc. It is also involved in the block… Read more
Bit Brother Limited (BETSF) - Net Assets
Latest net assets as of June 2023: $28.90 Million USD
Based on the latest financial reports, Bit Brother Limited (BETSF) has net assets worth $28.90 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.26 Million) and total liabilities ($3.37 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 | $28.90 Million |
| % of Total Assets | 89.57% |
| Annual Growth Rate | -5.68% |
| 5-Year Change | 215.77% |
| 10-Year Change | N/A |
| Growth Volatility | 151.95 |
Bit Brother Limited - Net Assets Trend (2016–2023)
This chart illustrates how Bit Brother Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bit Brother Limited (2016–2023)
The table below shows the annual net assets of Bit Brother Limited from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $28.90 Million | -74.52% |
| 2022-06-30 | $113.44 Million | +73.26% |
| 2021-06-30 | $65.47 Million | +217.85% |
| 2020-06-30 | $20.60 Million | +125.08% |
| 2019-06-30 | $9.15 Million | +140.13% |
| 2018-06-30 | $-22.81 Million | -246.09% |
| 2017-06-30 | $15.61 Million | -64.11% |
| 2016-06-30 | $43.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bit Brother Limited'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 12793547600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.37 Million | 4.65% |
| Other Comprehensive Income | $-3.90 Million | -13.23% |
| Other Components | $166.89 Million | 566.43% |
| Total Equity | $29.46 Million | 100.00% |
Bit Brother Limited Competitors by Market Cap
The table below lists competitors of Bit Brother Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stemsation International Inc
PINK:STSN
|
$62.07 |
|
Kasten Inc
PINK:KAST
|
$62.24 |
|
World Oil Group
PINK:MONI
|
$62.25 |
|
NFT Technologies Inc
PINK:NFTFF
|
$62.57 |
|
Enteq Upstream
LSE:NTQ
|
$61.89 |
|
ABBEY MORTGAGE BANK PLC
XNSA:ABBEYBDS
|
$61.62 |
|
Tess Agro PLC
CM:TESSN0000
|
$61.59 |
|
CTS Global Equity Group Inc.
PSE:CTS
|
$61.40 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bit Brother Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 109,186,125 to 29,463,277, a change of -79,722,848 (-73.0%).
- Net loss of 92,158,726 reduced equity.
- New share issuances of 7,062,498 increased equity.
- Other comprehensive income decreased equity by 565,105.
- Other factors increased equity by 5,938,485.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-92.16 Million | -312.79% |
| Share Issuances | $7.06 Million | +23.97% |
| Other Comprehensive Income | $-565.11K | -1.92% |
| Other Changes | $5.94 Million | +20.16% |
| Total Change | $- | -73.02% |
Book Value vs Market Value Analysis
This analysis compares Bit Brother Limited'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | $699953.21 | $0.00 | x |
| 2017-06-30 | $236182.30 | $0.00 | x |
| 2018-06-30 | $-293567.85 | $0.00 | x |
| 2019-06-30 | $76031.13 | $0.00 | x |
| 2020-06-30 | $67441.35 | $0.00 | x |
| 2021-06-30 | $88253.61 | $0.00 | x |
| 2022-06-30 | $13910.83 | $0.00 | x |
| 2023-06-30 | $207.87 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bit Brother Limited 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): -312.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3196.16%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.10x
- Recent ROE (-312.79%) is below the historical average (-82.72%), 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 | -15.53% | -12.65% | 0.30x | 4.05x | $-11.11 Million |
| 2017 | -182.09% | -50.50% | 0.41x | 8.71x | $-29.99 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-80.61 Million |
| 2019 | -112.44% | -2560.96% | 0.04x | 1.19x | $-11.21 Million |
| 2020 | -14.10% | -243.34% | 0.04x | 1.52x | $-3.60 Million |
| 2021 | -13.92% | -2319.59% | 0.01x | 1.12x | $-14.29 Million |
| 2022 | -10.85% | -1548.72% | 0.01x | 1.05x | $-22.77 Million |
| 2023 | -312.79% | -3196.16% | 0.09x | 1.10x | $-95.11 Million |
Industry Comparison
This section compares Bit Brother Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bit Brother Limited (BETSF) | $28.90 Million | -15.53% | 0.12x | $62.00 |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |