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) - Total Assets
Latest total assets as of September 2024: $22.95 Million USD
Based on the latest financial reports, Bitech Technologies Corporation (BTTC) holds total assets worth $22.95 Million USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Bitech Technologies Corporation - Total Assets Trend (2018–2022)
This chart illustrates how Bitech Technologies Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Bitech Technologies Corporation - Asset Composition Analysis
Current Asset Composition (December 2022)
Bitech Technologies Corporation's total assets of $22.95 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 93.8% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2022)
This chart illustrates how Bitech Technologies Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Bitech Technologies Corporation's current assets represent 100.0% of total assets in 2022, an increase from 36.1% in 2018.
- Cash Position: Cash and equivalents constituted 93.8% of total assets in 2022, up from 1.8% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Bitech Technologies Corporation Competitors by Total Assets
Key competitors of Bitech Technologies Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
Guangdong Electric Power Development Co Ltd
SHE:000539
|
China | CN¥182.32 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
Bitech Technologies Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Bitech Technologies Corporation generates 0.12x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Bitech Technologies Corporation is currently not profitable relative to its asset base.
Bitech Technologies Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.63 | 4.45 | 0.15 |
| Quick Ratio | 0.63 | 4.45 | 0.15 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-429.69K | $ 58.95K | $ -396.54K |
Bitech Technologies Corporation - Advanced Valuation Insights
This section examines the relationship between Bitech Technologies Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.52 |
| Latest Market Cap to Assets Ratio | 153.40 |
| Asset Growth Rate (YoY) | 382.2% |
| Total Assets | $210.72K |
| Market Capitalization | $32.32 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Bitech Technologies Corporation's assets at a significant premium ( 153.40x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Bitech Technologies Corporation's assets grew by 382.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Bitech Technologies Corporation (2018–2022)
The table below shows the annual total assets of Bitech Technologies Corporation from 2018 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $210.72K | +382.20% |
| 2021-12-31 | $43.70K | -84.66% |
| 2020-12-31 | $284.86K | -75.45% |
| 2019-12-31 | $1.16 Million | -65.85% |
| 2018-12-31 | $3.40 Million | -- |