Bitfarms Historical Financial Ratios

BITF Stock

USD 2.29 0.21 10.10%

Bitfarms is presently reporting on over 89 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 3.32 or Days Sales Outstanding of 1.69 will help investors to properly organize and evaluate Bitfarms financial condition quickly.

Quick Ratio Current Ratio

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

About Bitfarms Financial Ratios Analysis

BitfarmsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Bitfarms investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Bitfarms financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Bitfarms history.

Bitfarms Financial Ratios Chart

At this time, Bitfarms' Stock Based Compensation To Revenue is most likely to slightly decrease in the upcoming years. The Bitfarms' current PB Ratio is estimated to increase to 3.32, while Book Value Per Share is projected to decrease to 0.74.

Ptb Ratio Book Value Per Share Pb Ratio Inventory Turnover

Add Fundamental

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most ratios from Bitfarms' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Stock Based Compensation To Revenue is most likely to slightly decrease in the upcoming years. The Bitfarms' current PB Ratio is estimated to increase to 3.32, while Book Value Per Share is projected to decrease to 0.74.

	2021	2022	2023	2024 (projected)
PB Ratio	1.88	0.36	2.59	3.32
Capex To Depreciation	7.9	2.69	0.84	0.8

Pb Ratio Capex To Depreciation

Bitfarms fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio
Price To Sales Ratio		0.31	0.67	-0.29	0.92	-0.04	0.68	0.31	0.99	0.45	0.85	-0.77	0.85	0.73	-0.53	0.86	-0.1	0.21	-0.6	-0.36	-0.28	0.73	0.41	0.73	0.17	0.43
Ptb Ratio	0.31		0.16	-0.35	0.5	-0.02	-0.15	1.0	0.35	0.41	0.15	0.06	0.16	-0.01	0.23	0.3	-0.17	0.41	0.09	-0.21	0.78	-0.02	-0.16	-0.35	0.47	-0.34
Days Sales Outstanding	0.67	0.16		-0.53	0.6	0.12	0.45	0.16	0.73	0.51	0.54	-0.46	0.85	0.47	-0.39	0.79	-0.37	0.01	-0.45	-0.1	-0.07	0.47	0.7	0.63	0.04	0.35
Book Value Per Share	-0.29	-0.35	-0.53		-0.28	-0.83	-0.14	-0.35	-0.3	-0.95	-0.07	0.22	-0.17	-0.4	0.12	-0.24	0.96	-0.54	0.5	-0.59	-0.12	-0.39	-0.62	-0.03	-0.58	0.37
Free Cash Flow Yield	0.92	0.5	0.6	-0.28		-0.08	0.35	0.5	0.94	0.47	0.62	-0.49	0.75	0.43	-0.19	0.92	-0.04	0.35	-0.4	-0.41	-0.06	0.43	0.13	0.45	0.32	0.15
Operating Cash Flow Per Share	-0.04	-0.02	0.12	-0.83	-0.08		0.06	-0.02	-0.07	0.78	-0.23	-0.1	-0.21	0.31	-0.11	-0.16	-0.92	0.46	-0.53	0.79	-0.12	0.31	0.45	-0.12	0.46	-0.47
Capex To Depreciation	0.68	-0.15	0.45	-0.14	0.35	0.06		-0.15	0.61	0.15	0.8	-0.96	0.66	0.95	-0.98	0.34	-0.14	-0.29	-0.8	-0.22	-0.49	0.95	0.6	0.84	-0.33	0.79
Pb Ratio	0.31	1.0	0.16	-0.35	0.5	-0.02	-0.15		0.35	0.41	0.15	0.06	0.16	-0.01	0.23	0.3	-0.17	0.41	0.09	-0.21	0.78	-0.02	-0.16	-0.35	0.47	-0.34
Ev To Sales	0.99	0.35	0.73	-0.3	0.94	-0.07	0.61	0.35		0.46	0.81	-0.7	0.88	0.65	-0.46	0.92	-0.09	0.21	-0.54	-0.38	-0.21	0.65	0.39	0.69	0.18	0.39
Free Cash Flow Per Share	0.45	0.41	0.51	-0.95	0.47	0.78	0.15	0.41	0.46		0.19	-0.25	0.21	0.43	-0.07	0.37	-0.87	0.72	-0.49	0.54	0.03	0.42	0.56	0.09	0.73	-0.41
Roic	0.85	0.15	0.54	-0.07	0.62	-0.23	0.8	0.15	0.81	0.19		-0.81	0.73	0.77	-0.67	0.58	0.05	0.03	-0.44	-0.32	-0.32	0.77	0.54	0.82	0.0	0.66
Inventory Turnover	-0.77	0.06	-0.46	0.22	-0.49	-0.1	-0.96	0.06	-0.7	-0.25	-0.81		-0.68	-0.95	0.91	-0.45	0.19	0.14	0.82	0.22	0.5	-0.95	-0.56	-0.82	0.2	-0.69
Net Income Per Share	0.85	0.16	0.85	-0.17	0.75	-0.21	0.66	0.16	0.88	0.21	0.73	-0.68		0.6	-0.59	0.88	0.01	-0.23	-0.54	-0.54	-0.18	0.6	0.44	0.78	-0.24	0.66
Days Of Inventory On Hand	0.73	-0.01	0.47	-0.4	0.43	0.31	0.95	-0.01	0.65	0.43	0.77	-0.95	0.6		-0.91	0.36	-0.39	-0.01	-0.87	-0.01	-0.45	1.0	0.68	0.75	-0.05	0.56
Payables Turnover	-0.53	0.23	-0.39	0.12	-0.19	-0.11	-0.98	0.23	-0.46	-0.07	-0.67	0.91	-0.59	-0.91		-0.21	0.16	0.43	0.81	0.2	0.47	-0.91	-0.57	-0.77	0.47	-0.8
Capex To Revenue	0.86	0.3	0.79	-0.24	0.92	-0.16	0.34	0.3	0.92	0.37	0.58	-0.45	0.88	0.36	-0.21		0.0	0.15	-0.36	-0.44	-0.13	0.36	0.25	0.58	0.13	0.29
Cash Per Share	-0.1	-0.17	-0.37	0.96	-0.04	-0.92	-0.14	-0.17	-0.09	-0.87	0.05	0.19	0.01	-0.39	0.16	0.0		-0.47	0.5	-0.74	-0.03	-0.38	-0.64	0.01	-0.5	0.37
Pocfratio	0.21	0.41	0.01	-0.54	0.35	0.46	-0.29	0.41	0.21	0.72	0.03	0.14	-0.23	-0.01	0.43	0.15	-0.47		0.08	0.56	0.05	-0.02	0.12	-0.22	0.99	-0.71
Interest Coverage	-0.6	0.09	-0.45	0.5	-0.4	-0.53	-0.8	0.09	-0.54	-0.49	-0.44	0.82	-0.54	-0.87	0.81	-0.36	0.5	0.08		-0.02	0.44	-0.87	-0.52	-0.59	0.13	-0.39
Capex To Operating Cash Flow	-0.36	-0.21	-0.1	-0.59	-0.41	0.79	-0.22	-0.21	-0.38	0.54	-0.32	0.22	-0.54	-0.01	0.2	-0.44	-0.74	0.56	-0.02		-0.15	-0.02	0.44	-0.23	0.57	-0.58
Pfcf Ratio	-0.28	0.78	-0.07	-0.12	-0.06	-0.12	-0.49	0.78	-0.21	0.03	-0.32	0.5	-0.18	-0.45	0.47	-0.13	-0.03	0.05	0.44	-0.15		-0.45	-0.35	-0.69	0.15	-0.41
Days Payables Outstanding	0.73	-0.02	0.47	-0.39	0.43	0.31	0.95	-0.02	0.65	0.42	0.77	-0.95	0.6	1.0	-0.91	0.36	-0.38	-0.02	-0.87	-0.02	-0.45		0.68	0.76	-0.06	0.57
Income Quality	0.41	-0.16	0.7	-0.62	0.13	0.45	0.6	-0.16	0.39	0.56	0.54	-0.56	0.44	0.68	-0.57	0.25	-0.64	0.12	-0.52	0.44	-0.35	0.68		0.65	0.14	0.31
Roe	0.73	-0.35	0.63	-0.03	0.45	-0.12	0.84	-0.35	0.69	0.09	0.82	-0.82	0.78	0.75	-0.77	0.58	0.01	-0.22	-0.59	-0.23	-0.69	0.76	0.65		-0.28	0.8
Ev To Operating Cash Flow	0.17	0.47	0.04	-0.58	0.32	0.46	-0.33	0.47	0.18	0.73	0.0	0.2	-0.24	-0.05	0.47	0.13	-0.5	0.99	0.13	0.57	0.15	-0.06	0.14	-0.28		-0.74
Pe Ratio	0.43	-0.34	0.35	0.37	0.15	-0.47	0.79	-0.34	0.39	-0.41	0.66	-0.69	0.66	0.56	-0.8	0.29	0.37	-0.71	-0.39	-0.58	-0.41	0.57	0.31	0.8	-0.74

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	0.79	4.64	4.71	(10.91)	5.21	5.47
Ptb Ratio	0.91	10.44	1.88	0.36	2.59	3.32
Days Sales Outstanding	41.55	14.69	2.24	(30.53)	1.78	1.69
Book Value Per Share	0.42	0.18	2.68	1.23	1.12	0.74
Free Cash Flow Yield	(0.69)	0.017	(0.29)	(1.74)	(0.0637)	(0.0668)
Operating Cash Flow Per Share	0.0898	0.0851	(0.24)	0.17	0.0916	0.091
Stock Based Compensation To Revenue	0.0886	0.0633	0.13	(2.6)	0.0746	0.0783
Capex To Depreciation	3.47	0.39	7.9	2.69	0.84	0.8
Pb Ratio	0.91	10.44	1.88	0.36	2.59	3.32
Ev To Sales	1.41	5.28	4.47	(14.99)	4.78	5.01
Free Cash Flow Per Share	(0.16)	(0.26)	0.0323	(1.46)	(0.76)	(0.19)
Roic	(1.05)	(0.25)	(0.29)	0.0393	(0.87)	(0.24)
Inventory Turnover	199.88	217.12	106.52	224.34	238.11	134.18
Net Income Per Share	0.0314	(0.19)	0.14	(1.15)	(0.4)	(0.42)
Days Of Inventory On Hand	1.83	1.68	3.43	1.63	1.53	1.46
Payables Turnover	11.88	17.82	5.91	10.23	18.49	19.42
Sales General And Administrative To Revenue	0.13	0.0962	0.26	(6.14)	0.27	0.28
Capex To Revenue	0.73	0.13	1.14	(23.26)	0.5	0.52
Cash Per Share	0.0322	0.07	1.21	0.17	0.44	0.23
Pocfratio	4.25	22.34	(21.42)	2.52	31.76	33.34
Interest Coverage	0.78	(1.52)	10.92	(19.97)	(6.05)	(6.35)
Capex To Operating Cash Flow	3.95	0.62	(5.2)	5.38	3.02	3.17
Pfcf Ratio	(1.44)	58.9	(3.46)	(0.58)	(15.71)	(14.92)
Days Payables Outstanding	30.73	20.48	61.74	35.69	19.74	18.75
Income Quality	2.86	(0.44)	(1.68)	(0.15)	(0.23)	(0.22)
Roe	0.075	(1.05)	0.0524	(0.94)	(0.35)	(0.37)
Ev To Operating Cash Flow	7.58	25.44	(20.33)	3.47	29.09	30.54
Pe Ratio	12.16	(9.9)	35.98	(0.38)	(7.34)	(6.97)
Return On Tangible Assets	0.0404	(0.32)	0.0422	(0.7)	(0.28)	(0.29)
Ev To Free Cash Flow	(2.57)	67.09	(3.28)	(0.79)	(14.39)	(13.67)
Earnings Yield	(0.31)	0.0823	(0.1)	0.0278	(2.61)	(0.14)
Intangibles To Total Assets	0.0128	0.007292	0.0343	9.6E-5	0.00977	0.009281
Net Debt To E B I T D A	1.99	13.19	(0.57)	(0.33)	4.05	4.25
Current Ratio	1.63	0.32	2.84	1.03	1.88	1.13
Receivables Turnover	8.78	24.85	163.01	(11.96)	204.99	215.24
Graham Number	0.54	0.89	2.91	5.64	3.17	1.73
Shareholders Equity Per Share	0.42	0.18	2.68	1.23	1.12	0.73
Debt To Equity	0.56	1.12	0.17	0.18	0.0136	0.013
Capex Per Share	0.35	0.0528	1.23	0.94	0.28	0.4

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When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms

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Is Bitfarms Stock a good investment?

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What is Bitfarms' Net Worth?

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Largest Asset Management & Custody Banks Companies

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For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.38)

Revenue Per Share

0.493

Quarterly Revenue Growth

0.296

Return On Assets

(0.13)

Return On Equity

(0.31)

The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Bitfarms Historical Financial Ratios

About Bitfarms Financial Ratios Analysis

Bitfarms Financial Ratios Chart

Ptb Ratio

Book Value Per Share

Inventory Turnover

Bitfarms fundamentals Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamentals Accounts

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Pb Ratio	+ 1.0	Ptb Ratio
Days Payables Outstanding	+ 1.0	Days Of Inventory On Hand
Ev To Sales	+ 0.99	Price To Sales Ratio
Ev To Operating Cash Flow	+ 0.99	Pocfratio
Cash Per Share	+ 0.96	Book Value Per Share
Days Of Inventory On Hand	+ 0.95	Capex To Depreciation

Payables Turnover	- 0.98	Capex To Depreciation
Inventory Turnover	- 0.96	Capex To Depreciation
Days Payables Outstanding	- 0.95	Inventory Turnover
Days Of Inventory On Hand	- 0.95	Inventory Turnover
Free Cash Flow Per Share	- 0.95	Book Value Per Share
Cash Per Share	- 0.92	Operating Cash Flow Per Share