BIT ORIGIN Ltd (BTOG) 10-Year Financial Performance & Capital Metrics

BTOG • • Industrial / General

Consumer DefensivePackaged FoodsIngredients & Food ProcessingAgricultural Processing & Commodities

AboutBit Origin Limited engages in the wholesale and retail of feed raw material in China. It distributes feed raw materials consisting of soybean meal and soybean oil. The company sells its products to animal husbandry businesses, feed solution manufacturers, and trading companies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Limited in April 2022. Bit Origin Limited was incorporated in 2018 and is headquartered in Chongqing, China.Show more

Revenue $3M -53.9%
EBITDA -$14M +39.3%
Net Income -$18M +37.9%
EPS (Diluted) -3.34 +61.2%
Gross Margin -32.72% +55.1%
EBITDA Margin -482.52% -31.7%
Operating Margin -513.71% -13.6%
Net Margin -607.06% -34.7%
ROE -313.89% -149.8%
ROIC -131.02% -50.2%
Debt/Equity 5.68 +2706.4%
Interest Coverage -29.81 +76.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy 5Y average net margin of 155.6%
✓Trading at only 0.7x book value

✗Weaknesses

✗High debt to equity ratio of 5.7x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 11 (bottom 11%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 51.0% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-51.03%

3Y-

TTM111.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-28.71%

EPS CAGR

10Y-

5Y-

3Y-

TTM-457.84%

ROCE

10Y Avg-25.75%

5Y Avg-75.67%

3Y Avg-118.82%

Latest-198.59%

Peer Comparison

Agricultural Processing & Commodities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTOGBIT ORIGIN Ltd	10.19M	0.12	-0.03	-53.87%	-6.68%	-313.89%		5.68
ABVEAbove Food Ingredients Inc. Common Stock	102.38M	2.00	-0.32	-7.07%	-24.6%	-80.94%	3.42%
COOTAustralian Oilseeds Holdings Limited Ordinary Shares	22.6M	0.81	-1.11	16.27%	-66.01%	-481.29%		19.90
FAMIFarmmi, Inc.	7.24M	1.32	-2	-41.89%	-2.87%	-2.25%		0.09
NCRANocera, Inc.	12.69M	0.88	-4.91	-28.86%	-24.59%	-71.02%		0.01

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	34.63M	63.28M	101.1M	102.55M	110.55M	0	192.35K	6.26M	2.89M
Revenue Growth %	-	0.83%	0.6%	0.01%	0.08%	-1%	-	31.55%	-0.54%
Cost of Goods Sold+	29.68M	58.21M	91.45M	93.54M	103.37M	0	403.38K	10.83M	3.83M
COGS % of Revenue	0.86%	0.92%	0.9%	0.91%	0.94%	-	2.1%	1.73%	1.33%
Gross Profit+	4.95M	5.07M	9.65M	9M	7.18M	0	-211.03K	-4.57M	-945K
Gross Margin %	0.14%	0.08%	0.1%	0.09%	0.06%	-	-1.1%	-0.73%	-0.33%
Gross Profit Growth %	-	0.02%	0.9%	-0.07%	-0.2%	-1%	-	-20.64%	0.79%
Operating Expenses+	2.22M	1.55M	4.12M	3.47M	6.66M	3.47M	5.9M	23.74M	13.89M
OpEx % of Revenue	0.06%	0.02%	0.04%	0.03%	0.06%	-	30.66%	3.79%	4.81%
Selling, General & Admin	2.02M	1.37M	1.69M	2.72M	2.79M	3.47M	5.85M	6.26M	5.02M
SG&A % of Revenue	0.06%	0.02%	0.02%	0.03%	0.03%	-	30.4%	1%	1.74%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.71K	1.78K	-18.6K	743.99K	3.87M	0	50.46K	17.48M	8.87M
Operating Income+	2.73M	3.52M	7.04M	5.54M	-203K	-3.47M	-6.11M	-28.3M	-14.84M
Operating Margin %	0.08%	0.06%	0.07%	0.05%	-0%	-	-31.76%	-4.52%	-5.14%
Operating Income Growth %	-	0.29%	1%	-0.21%	-1.04%	-16.11%	-0.76%	-3.63%	0.48%
EBITDA+	3.32M	4.05M	7.59M	6.06M	378.7K	-3.47M	-5.83M	-22.94M	-13.94M
EBITDA Margin %	0.1%	0.06%	0.08%	0.06%	0%	-	-30.32%	-3.66%	-4.83%
EBITDA Growth %	-	0.22%	0.87%	-0.2%	-0.94%	-10.16%	-0.68%	-2.93%	0.39%
D&A (Non-Cash Add-back)	588.67K	531.63K	542.19K	521.92K	581.7K	6.51K	276.76K	5.36M	900.94K
EBIT	3.45M	4M	7.04M	6.09M	-3.8M	-3.47M	-6.11M	-27.99M	-17.79M
Net Interest Income+	250.5K	73.47K	-893.51K	-839K	-482K	-156.05K	-54.14K	-227K	-497.77K
Interest Income	793K	741.22K	388.78K	2.2K	3.05K	0	0	0	0
Interest Expense	542.49K	667.75K	1.28M	841.13K	529.51K	156.05K	54.14K	227.38K	497.77K
Other Income/Expense	182.72K	-191K	-2.56M	-957K	-2.9M	-165.79K	766.05K	88.29K	-3.45M
Pretax Income+	2.91M	3.33M	4.48M	5.24M	-2.38M	-3.64M	-5.34M	-28.22M	-18.29M
Pretax Margin %	0.08%	0.05%	0.04%	0.05%	-0.02%	-	-27.78%	-4.51%	-6.33%
Income Tax+	727.95K	875.74K	714.38K	213.65K	223.17K	0	0	0	0
Effective Tax Rate %	0.75%	0.74%	0.84%	0.83%	1.85%	12.53%	-0.61%	1%	0.96%
Net Income+	2.18M	2.46M	3.77M	4.36M	-4.4M	-45.61M	3.24M	-28.22M	-17.53M
Net Margin %	0.06%	0.04%	0.04%	0.04%	-0.04%	-	16.84%	-4.51%	-6.07%
Net Income Growth %	-	0.12%	0.53%	0.16%	-2.01%	-9.37%	1.07%	-9.71%	0.38%
Net Income (Continuing)	2.18M	2.46M	3.77M	5.03M	-3.37M	-3.64M	-5.34M	-28.22M	-18.29M
Discontinued Operations	0	0	0	4.87M	0	-43.44M	3.18M	0	0
Minority Interest	0	0	0	0	3.02M	1.6M	0	0	-753.06K
EPS (Diluted)+	2.75	3.10	4.75	5.50	-3.48	-1.96	0.03	-8.61	-3.34
EPS Growth %	-	0.13%	0.53%	0.16%	-1.63%	0.44%	1.02%	-280.55%	0.61%
EPS (Basic)	2.75	3.10	4.75	5.50	-3.48	-1.96	0.03	-8.61	-3.34
Diluted Shares Outstanding	793.05K	793.05K	793.05K	793.05K	747.25K	1.11M	2.02M	3.28M	5.24M
Basic Shares Outstanding	793.05K	793.05K	793.05K	793.05K	903.14K	1.11M	2.02M	3.28M	5.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	7.64M	22.13M	29.04M	45.7M	50.28M	32.52M	5.75M	3.57M	6.68M
Cash & Short-Term Investments	51.85K	21.53K	308.03K	3.22M	1.53M	7.6K	17.8K	16.27K	1.41M
Cash Only	51.85K	21.53K	308.03K	3.22M	1.53M	7.6K	17.8K	16.27K	1.41M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	6.24M	19.25M	26.9M	39.76M	9.88M	11.14M	4.42M	468.17K	5.08M
Days Sales Outstanding	65.78	111.06	97.12	141.53	32.61	-	8.39K	27.29	641.49
Inventory	1.14M	282.47K	2.73K	112.64K	-148.89K	229.39K	1.17M	0	0
Days Inventory Outstanding	14.01	1.77	0.01	0.44	-	-	1.06K	-	-
Other Current Assets	1.82M	0	1.83M	2.41M	39.02M	21.01M	121.26K	2.08M	-1.82M
Total Non-Current Assets+	7.77M	4.89M	4.68M	5.65M	13.07M	8.35M	29.2M	9.76M	0
Property, Plant & Equipment	4.9M	4.29M	3.96M	4.55M	6.18M	4.39K	8.03M	7.37M	0
Fixed Asset Turnover	7.07x	14.74x	25.52x	22.54x	17.88x	-	0.02x	0.85x	-
Goodwill	0	0	0	0	5.19M	0	0	0	0
Intangible Assets	515.67K	493.17K	492.33K	462.74K	437.99K	0	299.63K	0	0
Long-Term Investments	2.3M	9.62K	9.95K	9.6K	39.69K	0	3M	2.39M	0
Other Non-Current Assets	0	0	0	640.45K	579.45K	6.02M	17.88M	0	0
Total Assets+	15.41M	27.02M	33.73M	51.35M	63.35M	40.88M	34.95M	13.34M	6.68M
Asset Turnover	2.25x	2.34x	3.00x	2.00x	1.75x	-	0.01x	0.47x	0.43x
Asset Growth %	-	0.75%	0.25%	0.52%	0.23%	-0.35%	-0.14%	-0.62%	-0.5%
Total Current Liabilities+	6.91M	16.88M	16.91M	22.83M	32.74M	38.7M	299.97K	2.59M	2.49M
Accounts Payable	391.12K	2.81M	2.94M	8.65M	5.73M	9.97M	4.42M	667.91K	0
Days Payables Outstanding	4.81	17.61	11.74	33.77	20.22	-	4K	22.52	-
Short-Term Debt	5.34M	11.87M	9.44M	6.93M	14.97M	1.3M	0	1.59M	1.88M
Deferred Revenue (Current)	1000K	106.52K	685.6K	736.62K	1000K	1000K	1000K	0	0
Other Current Liabilities	1.17M	2.1M	3.85M	4.27M	10.75M	23.12M	-4.4M	331.05K	0
Current Ratio	1.11x	1.31x	1.72x	2.00x	1.54x	0.84x	19.18x	1.38x	2.68x
Quick Ratio	0.94x	1.29x	1.72x	2.00x	1.54x	0.83x	15.27x	1.38x	2.68x
Cash Conversion Cycle	74.98	95.22	85.39	108.2	-	-	5.45K	-	-
Total Non-Current Liabilities+	978.28K	0	2.78M	4M	3.79M	3.8M	2.36M	486.33K	3.28M
Long-Term Debt	978.28K	0	981.5K	4M	0	0	0	486.33K	3.28M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	1.8M	0	3.79M	3.8M	0	0	0
Total Liabilities	7.89M	16.88M	19.7M	26.83M	36.52M	42.5M	299.97K	3.07M	5.78M
Total Debt+	6.32M	11.87M	10.42M	11.92M	18.34M	1.3M	1.72M	2.08M	5.16M
Net Debt	6.27M	11.85M	10.11M	8.7M	16.8M	2.07M	1.7M	2.06M	3.75M
Debt / Equity	0.84x	1.17x	0.74x	0.49x	0.68x	-	0.05x	0.20x	5.68x
Debt / EBITDA	1.91x	2.93x	1.37x	1.97x	48.42x	-	-	-	-
Net Debt / EBITDA	1.89x	2.92x	1.33x	1.44x	44.37x	-	-	-	-
Interest Coverage	5.03x	5.27x	5.49x	6.58x	-0.38x	-22.26x	-112.84x	-124.49x	-29.81x
Total Equity+	7.53M	10.13M	14.03M	24.53M	26.83M	-1.62M	34.65M	10.26M	909.58K
Equity Growth %	-	0.35%	0.39%	0.75%	0.09%	-1.06%	22.39%	-0.7%	-0.91%
Book Value per Share	9.49	12.78	17.70	30.92	35.90	-1.46	17.19	3.13	0.17
Total Shareholders' Equity	7.53M	10.13M	14.03M	24.53M	23.81M	-3.22M	34.65M	10.26M	1.66M
Common Stock	200K	200K	200K	219.64K	239.71K	407.17K	918.57K	1.01M	2.33M
Retained Earnings	2.7M	4.89M	8.28M	12.09M	7.03M	-38.57M	-35.98M	-64.2M	-81.73M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	260.57K	387.63K	899.79K	1.19M	814.15K	2.79M	0	0	0
Minority Interest	0	0	0	0	3.02M	1.6M	0	0	-753.06K

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-685.33K	-2.51M	-3.6M	-5.27M	-5.91M	-10.54M	-14.29M	-6.76M	-7.93M
Operating CF Margin %	-0.02%	-0.04%	-0.04%	-0.05%	-0.05%	-	-74.29%	-1.08%	-2.75%
Operating CF Growth %	-	-2.67%	-0.43%	-0.47%	-0.12%	-0.78%	-0.36%	0.53%	-0.17%
Net Income	2.18M	2.45M	3.77M	4.36M	-4.4M	-47.08M	-2.17M	-28.22M	-18.28M
Depreciation & Amortization	588.67K	531.63K	542.19K	689.53K	581.7K	6.51K	276.76K	5.36M	900.94K
Stock-Based Compensation	0	0	0	743.99K	930.22K	1.89M	1.62M	67.27K	73.23K
Deferred Taxes	-51.97K	-43.83K	-126.94K	213.65K	-166.67K	-1.58M	0	0	0
Other Non-Cash Items	207.89K	175.32K	2.43M	109.54K	3.89M	36.54M	6.13M	14.83M	13.56M
Working Capital Changes	-3.61M	-5.63M	-10.2M	-11.39M	-6.75M	-314.67K	-20.15M	1.19M	-4.17M
Change in Receivables	-1.7M	-8.79M	-12.06M	-16.86M	2.62M	-6.7M	-686.75K	1.01M	-2.98M
Change in Inventory	-362.01K	829.95K	291.59K	167.86K	318.48K	-223.7K	-192.35K	0	-2.68M
Change in Payables	-1.77M	2.41M	68.17K	5.53M	-4.21M	3.61M	294.81K	667.91K	-667.91K
Cash from Investing+	-204.15K	-11.67K	-89.35K	1.19M	159.06K	0	-11.31M	4.27M	1.02M
Capital Expenditures	-204.15K	-11.67K	-89.35K	-20.64K	-700.4K	0	-8.3M	-115.03K	0
CapEx % of Revenue	0.01%	0%	0%	0%	0.01%	-	43.17%	0.02%	-
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	1.17M	0	0	-3.18K	4.38M	0
Cash from Financing+	-613.76K	2.5M	3.99M	6.65M	4.08M	8.5M	25.99M	2.49M	8.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-865.76K	2.5M	3.96M	1.01M	4.08M	-1.79M	-9M	127.53K	556.22K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-889.48K	-2.53M	-3.68M	-5.29M	-6.61M	-10.54M	-22.59M	-6.88M	-7.93M
FCF Margin %	-0.03%	-0.04%	-0.04%	-0.05%	-0.06%	-	-117.45%	-1.1%	-2.75%
FCF Growth %	-	-1.84%	-0.46%	-0.44%	-0.25%	-0.59%	-1.14%	0.7%	-0.15%
FCF per Share	-1.12	-3.18	-4.65	-6.67	-8.85	-9.53	-11.21	-2.10	-1.51
FCF Conversion (FCF/Net Income)	-0.31x	-1.02x	-0.95x	-1.21x	1.34x	0.23x	-4.41x	0.24x	0.45x
Interest Paid	0	0	0	0	0	0	0	0	270.17K
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	29.01%	27.8%	31.19%	22.64%	-17.13%	-361.88%	19.61%	-125.64%	-313.89%
Return on Invested Capital (ROIC)	14.83%	14.76%	22.9%	14.47%	-0.4%	-12.03%	-25.44%	-87.23%	-131.02%
Gross Margin	14.3%	8.01%	9.55%	8.78%	6.49%	-	-109.71%	-72.93%	-32.72%
Net Margin	6.31%	3.88%	3.73%	4.26%	-3.98%	-	1684.1%	-450.66%	-607.06%
Debt / Equity	0.84x	1.17x	0.74x	0.49x	0.68x	-	0.05x	0.20x	5.68x
Interest Coverage	5.03x	5.27x	5.49x	6.58x	-0.38x	-22.26x	-112.84x	-124.49x	-29.81x
FCF Conversion	-0.31x	-1.02x	-0.95x	-1.21x	1.34x	0.23x	-4.41x	0.24x	0.45x
Revenue Growth	-	82.73%	59.78%	1.43%	7.81%	-100%	-	3154.99%	-53.87%

Frequently Asked Questions

Growth & Financials

BIT ORIGIN Ltd (BTOG) reported $7.1M in revenue for fiscal year 2024. This represents a 80% decrease from $34.6M in 2016.

BIT ORIGIN Ltd (BTOG) saw revenue decline by 53.9% over the past year.

BIT ORIGIN Ltd (BTOG) reported a net loss of $47.4M for fiscal year 2024.

Dividend & Returns

BIT ORIGIN Ltd (BTOG) has a return on equity (ROE) of -313.9%. Negative ROE indicates the company is unprofitable.

BIT ORIGIN Ltd (BTOG) had negative free cash flow of $14.6M in fiscal year 2024, likely due to heavy capital investments.

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BIT ORIGIN Ltd (BTOG) 10-Year Financial Performance & Capital Metrics

BTOG • • Industrial / General

Consumer DefensivePackaged FoodsIngredients & Food ProcessingAgricultural Processing & Commodities

Revenue $3M -53.9%
EBITDA -$14M +39.3%
Net Income -$18M +37.9%
EPS (Diluted) -3.34 +61.2%
Gross Margin -32.72% +55.1%
EBITDA Margin -482.52% -31.7%
Operating Margin -513.71% -13.6%
Net Margin -607.06% -34.7%
ROE -313.89% -149.8%
ROIC -131.02% -50.2%
Debt/Equity 5.68 +2706.4%
Interest Coverage -29.81 +76.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy 5Y average net margin of 155.6%
✓Trading at only 0.7x book value

✗Weaknesses

✗High debt to equity ratio of 5.7x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 11 (bottom 11%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 51.0% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-51.03%

3Y-

TTM111.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-28.71%

EPS CAGR

10Y-

5Y-

3Y-

TTM-457.84%

ROCE

10Y Avg-25.75%

5Y Avg-75.67%

3Y Avg-118.82%

Latest-198.59%

Peer Comparison

Agricultural Processing & Commodities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTOGBIT ORIGIN Ltd	10.19M	0.12	-0.03	-53.87%	-6.68%	-313.89%		5.68
ABVEAbove Food Ingredients Inc. Common Stock	102.38M	2.00	-0.32	-7.07%	-24.6%	-80.94%	3.42%
COOTAustralian Oilseeds Holdings Limited Ordinary Shares	22.6M	0.81	-1.11	16.27%	-66.01%	-481.29%		19.90
FAMIFarmmi, Inc.	7.24M	1.32	-2	-41.89%	-2.87%	-2.25%		0.09
NCRANocera, Inc.	12.69M	0.88	-4.91	-28.86%	-24.59%	-71.02%		0.01

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	34.63M	63.28M	101.1M	102.55M	110.55M	0	192.35K	6.26M	2.89M
Revenue Growth %	-	0.83%	0.6%	0.01%	0.08%	-1%	-	31.55%	-0.54%
Cost of Goods Sold+	29.68M	58.21M	91.45M	93.54M	103.37M	0	403.38K	10.83M	3.83M
COGS % of Revenue	0.86%	0.92%	0.9%	0.91%	0.94%	-	2.1%	1.73%	1.33%
Gross Profit+	4.95M	5.07M	9.65M	9M	7.18M	0	-211.03K	-4.57M	-945K
Gross Margin %	0.14%	0.08%	0.1%	0.09%	0.06%	-	-1.1%	-0.73%	-0.33%
Gross Profit Growth %	-	0.02%	0.9%	-0.07%	-0.2%	-1%	-	-20.64%	0.79%
Operating Expenses+	2.22M	1.55M	4.12M	3.47M	6.66M	3.47M	5.9M	23.74M	13.89M
OpEx % of Revenue	0.06%	0.02%	0.04%	0.03%	0.06%	-	30.66%	3.79%	4.81%
Selling, General & Admin	2.02M	1.37M	1.69M	2.72M	2.79M	3.47M	5.85M	6.26M	5.02M
SG&A % of Revenue	0.06%	0.02%	0.02%	0.03%	0.03%	-	30.4%	1%	1.74%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.71K	1.78K	-18.6K	743.99K	3.87M	0	50.46K	17.48M	8.87M
Operating Income+	2.73M	3.52M	7.04M	5.54M	-203K	-3.47M	-6.11M	-28.3M	-14.84M
Operating Margin %	0.08%	0.06%	0.07%	0.05%	-0%	-	-31.76%	-4.52%	-5.14%
Operating Income Growth %	-	0.29%	1%	-0.21%	-1.04%	-16.11%	-0.76%	-3.63%	0.48%
EBITDA+	3.32M	4.05M	7.59M	6.06M	378.7K	-3.47M	-5.83M	-22.94M	-13.94M
EBITDA Margin %	0.1%	0.06%	0.08%	0.06%	0%	-	-30.32%	-3.66%	-4.83%
EBITDA Growth %	-	0.22%	0.87%	-0.2%	-0.94%	-10.16%	-0.68%	-2.93%	0.39%
D&A (Non-Cash Add-back)	588.67K	531.63K	542.19K	521.92K	581.7K	6.51K	276.76K	5.36M	900.94K
EBIT	3.45M	4M	7.04M	6.09M	-3.8M	-3.47M	-6.11M	-27.99M	-17.79M
Net Interest Income+	250.5K	73.47K	-893.51K	-839K	-482K	-156.05K	-54.14K	-227K	-497.77K
Interest Income	793K	741.22K	388.78K	2.2K	3.05K	0	0	0	0
Interest Expense	542.49K	667.75K	1.28M	841.13K	529.51K	156.05K	54.14K	227.38K	497.77K
Other Income/Expense	182.72K	-191K	-2.56M	-957K	-2.9M	-165.79K	766.05K	88.29K	-3.45M
Pretax Income+	2.91M	3.33M	4.48M	5.24M	-2.38M	-3.64M	-5.34M	-28.22M	-18.29M
Pretax Margin %	0.08%	0.05%	0.04%	0.05%	-0.02%	-	-27.78%	-4.51%	-6.33%
Income Tax+	727.95K	875.74K	714.38K	213.65K	223.17K	0	0	0	0
Effective Tax Rate %	0.75%	0.74%	0.84%	0.83%	1.85%	12.53%	-0.61%	1%	0.96%
Net Income+	2.18M	2.46M	3.77M	4.36M	-4.4M	-45.61M	3.24M	-28.22M	-17.53M
Net Margin %	0.06%	0.04%	0.04%	0.04%	-0.04%	-	16.84%	-4.51%	-6.07%
Net Income Growth %	-	0.12%	0.53%	0.16%	-2.01%	-9.37%	1.07%	-9.71%	0.38%
Net Income (Continuing)	2.18M	2.46M	3.77M	5.03M	-3.37M	-3.64M	-5.34M	-28.22M	-18.29M
Discontinued Operations	0	0	0	4.87M	0	-43.44M	3.18M	0	0
Minority Interest	0	0	0	0	3.02M	1.6M	0	0	-753.06K
EPS (Diluted)+	2.75	3.10	4.75	5.50	-3.48	-1.96	0.03	-8.61	-3.34
EPS Growth %	-	0.13%	0.53%	0.16%	-1.63%	0.44%	1.02%	-280.55%	0.61%
EPS (Basic)	2.75	3.10	4.75	5.50	-3.48	-1.96	0.03	-8.61	-3.34
Diluted Shares Outstanding	793.05K	793.05K	793.05K	793.05K	747.25K	1.11M	2.02M	3.28M	5.24M
Basic Shares Outstanding	793.05K	793.05K	793.05K	793.05K	903.14K	1.11M	2.02M	3.28M	5.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	7.64M	22.13M	29.04M	45.7M	50.28M	32.52M	5.75M	3.57M	6.68M
Cash & Short-Term Investments	51.85K	21.53K	308.03K	3.22M	1.53M	7.6K	17.8K	16.27K	1.41M
Cash Only	51.85K	21.53K	308.03K	3.22M	1.53M	7.6K	17.8K	16.27K	1.41M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	6.24M	19.25M	26.9M	39.76M	9.88M	11.14M	4.42M	468.17K	5.08M
Days Sales Outstanding	65.78	111.06	97.12	141.53	32.61	-	8.39K	27.29	641.49
Inventory	1.14M	282.47K	2.73K	112.64K	-148.89K	229.39K	1.17M	0	0
Days Inventory Outstanding	14.01	1.77	0.01	0.44	-	-	1.06K	-	-
Other Current Assets	1.82M	0	1.83M	2.41M	39.02M	21.01M	121.26K	2.08M	-1.82M
Total Non-Current Assets+	7.77M	4.89M	4.68M	5.65M	13.07M	8.35M	29.2M	9.76M	0
Property, Plant & Equipment	4.9M	4.29M	3.96M	4.55M	6.18M	4.39K	8.03M	7.37M	0
Fixed Asset Turnover	7.07x	14.74x	25.52x	22.54x	17.88x	-	0.02x	0.85x	-
Goodwill	0	0	0	0	5.19M	0	0	0	0
Intangible Assets	515.67K	493.17K	492.33K	462.74K	437.99K	0	299.63K	0	0
Long-Term Investments	2.3M	9.62K	9.95K	9.6K	39.69K	0	3M	2.39M	0
Other Non-Current Assets	0	0	0	640.45K	579.45K	6.02M	17.88M	0	0
Total Assets+	15.41M	27.02M	33.73M	51.35M	63.35M	40.88M	34.95M	13.34M	6.68M
Asset Turnover	2.25x	2.34x	3.00x	2.00x	1.75x	-	0.01x	0.47x	0.43x
Asset Growth %	-	0.75%	0.25%	0.52%	0.23%	-0.35%	-0.14%	-0.62%	-0.5%
Total Current Liabilities+	6.91M	16.88M	16.91M	22.83M	32.74M	38.7M	299.97K	2.59M	2.49M
Accounts Payable	391.12K	2.81M	2.94M	8.65M	5.73M	9.97M	4.42M	667.91K	0
Days Payables Outstanding	4.81	17.61	11.74	33.77	20.22	-	4K	22.52	-
Short-Term Debt	5.34M	11.87M	9.44M	6.93M	14.97M	1.3M	0	1.59M	1.88M
Deferred Revenue (Current)	1000K	106.52K	685.6K	736.62K	1000K	1000K	1000K	0	0
Other Current Liabilities	1.17M	2.1M	3.85M	4.27M	10.75M	23.12M	-4.4M	331.05K	0
Current Ratio	1.11x	1.31x	1.72x	2.00x	1.54x	0.84x	19.18x	1.38x	2.68x
Quick Ratio	0.94x	1.29x	1.72x	2.00x	1.54x	0.83x	15.27x	1.38x	2.68x
Cash Conversion Cycle	74.98	95.22	85.39	108.2	-	-	5.45K	-	-
Total Non-Current Liabilities+	978.28K	0	2.78M	4M	3.79M	3.8M	2.36M	486.33K	3.28M
Long-Term Debt	978.28K	0	981.5K	4M	0	0	0	486.33K	3.28M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	1.8M	0	3.79M	3.8M	0	0	0
Total Liabilities	7.89M	16.88M	19.7M	26.83M	36.52M	42.5M	299.97K	3.07M	5.78M
Total Debt+	6.32M	11.87M	10.42M	11.92M	18.34M	1.3M	1.72M	2.08M	5.16M
Net Debt	6.27M	11.85M	10.11M	8.7M	16.8M	2.07M	1.7M	2.06M	3.75M
Debt / Equity	0.84x	1.17x	0.74x	0.49x	0.68x	-	0.05x	0.20x	5.68x
Debt / EBITDA	1.91x	2.93x	1.37x	1.97x	48.42x	-	-	-	-
Net Debt / EBITDA	1.89x	2.92x	1.33x	1.44x	44.37x	-	-	-	-
Interest Coverage	5.03x	5.27x	5.49x	6.58x	-0.38x	-22.26x	-112.84x	-124.49x	-29.81x
Total Equity+	7.53M	10.13M	14.03M	24.53M	26.83M	-1.62M	34.65M	10.26M	909.58K
Equity Growth %	-	0.35%	0.39%	0.75%	0.09%	-1.06%	22.39%	-0.7%	-0.91%
Book Value per Share	9.49	12.78	17.70	30.92	35.90	-1.46	17.19	3.13	0.17
Total Shareholders' Equity	7.53M	10.13M	14.03M	24.53M	23.81M	-3.22M	34.65M	10.26M	1.66M
Common Stock	200K	200K	200K	219.64K	239.71K	407.17K	918.57K	1.01M	2.33M
Retained Earnings	2.7M	4.89M	8.28M	12.09M	7.03M	-38.57M	-35.98M	-64.2M	-81.73M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	260.57K	387.63K	899.79K	1.19M	814.15K	2.79M	0	0	0
Minority Interest	0	0	0	0	3.02M	1.6M	0	0	-753.06K

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-685.33K	-2.51M	-3.6M	-5.27M	-5.91M	-10.54M	-14.29M	-6.76M	-7.93M
Operating CF Margin %	-0.02%	-0.04%	-0.04%	-0.05%	-0.05%	-	-74.29%	-1.08%	-2.75%
Operating CF Growth %	-	-2.67%	-0.43%	-0.47%	-0.12%	-0.78%	-0.36%	0.53%	-0.17%
Net Income	2.18M	2.45M	3.77M	4.36M	-4.4M	-47.08M	-2.17M	-28.22M	-18.28M
Depreciation & Amortization	588.67K	531.63K	542.19K	689.53K	581.7K	6.51K	276.76K	5.36M	900.94K
Stock-Based Compensation	0	0	0	743.99K	930.22K	1.89M	1.62M	67.27K	73.23K
Deferred Taxes	-51.97K	-43.83K	-126.94K	213.65K	-166.67K	-1.58M	0	0	0
Other Non-Cash Items	207.89K	175.32K	2.43M	109.54K	3.89M	36.54M	6.13M	14.83M	13.56M
Working Capital Changes	-3.61M	-5.63M	-10.2M	-11.39M	-6.75M	-314.67K	-20.15M	1.19M	-4.17M
Change in Receivables	-1.7M	-8.79M	-12.06M	-16.86M	2.62M	-6.7M	-686.75K	1.01M	-2.98M
Change in Inventory	-362.01K	829.95K	291.59K	167.86K	318.48K	-223.7K	-192.35K	0	-2.68M
Change in Payables	-1.77M	2.41M	68.17K	5.53M	-4.21M	3.61M	294.81K	667.91K	-667.91K
Cash from Investing+	-204.15K	-11.67K	-89.35K	1.19M	159.06K	0	-11.31M	4.27M	1.02M
Capital Expenditures	-204.15K	-11.67K	-89.35K	-20.64K	-700.4K	0	-8.3M	-115.03K	0
CapEx % of Revenue	0.01%	0%	0%	0%	0.01%	-	43.17%	0.02%	-
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	1.17M	0	0	-3.18K	4.38M	0
Cash from Financing+	-613.76K	2.5M	3.99M	6.65M	4.08M	8.5M	25.99M	2.49M	8.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-865.76K	2.5M	3.96M	1.01M	4.08M	-1.79M	-9M	127.53K	556.22K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-889.48K	-2.53M	-3.68M	-5.29M	-6.61M	-10.54M	-22.59M	-6.88M	-7.93M
FCF Margin %	-0.03%	-0.04%	-0.04%	-0.05%	-0.06%	-	-117.45%	-1.1%	-2.75%
FCF Growth %	-	-1.84%	-0.46%	-0.44%	-0.25%	-0.59%	-1.14%	0.7%	-0.15%
FCF per Share	-1.12	-3.18	-4.65	-6.67	-8.85	-9.53	-11.21	-2.10	-1.51
FCF Conversion (FCF/Net Income)	-0.31x	-1.02x	-0.95x	-1.21x	1.34x	0.23x	-4.41x	0.24x	0.45x
Interest Paid	0	0	0	0	0	0	0	0	270.17K
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	29.01%	27.8%	31.19%	22.64%	-17.13%	-361.88%	19.61%	-125.64%	-313.89%
Return on Invested Capital (ROIC)	14.83%	14.76%	22.9%	14.47%	-0.4%	-12.03%	-25.44%	-87.23%	-131.02%
Gross Margin	14.3%	8.01%	9.55%	8.78%	6.49%	-	-109.71%	-72.93%	-32.72%
Net Margin	6.31%	3.88%	3.73%	4.26%	-3.98%	-	1684.1%	-450.66%	-607.06%
Debt / Equity	0.84x	1.17x	0.74x	0.49x	0.68x	-	0.05x	0.20x	5.68x
Interest Coverage	5.03x	5.27x	5.49x	6.58x	-0.38x	-22.26x	-112.84x	-124.49x	-29.81x
FCF Conversion	-0.31x	-1.02x	-0.95x	-1.21x	1.34x	0.23x	-4.41x	0.24x	0.45x
Revenue Growth	-	82.73%	59.78%	1.43%	7.81%	-100%	-	3154.99%	-53.87%

Frequently Asked Questions

Growth & Financials

BIT ORIGIN Ltd (BTOG) reported $7.1M in revenue for fiscal year 2024. This represents a 80% decrease from $34.6M in 2016.

BIT ORIGIN Ltd (BTOG) saw revenue decline by 53.9% over the past year.

BIT ORIGIN Ltd (BTOG) reported a net loss of $47.4M for fiscal year 2024.

Dividend & Returns

BIT ORIGIN Ltd (BTOG) has a return on equity (ROE) of -313.9%. Negative ROE indicates the company is unprofitable.

BIT ORIGIN Ltd (BTOG) had negative free cash flow of $14.6M in fiscal year 2024, likely due to heavy capital investments.