Bit Brother (FRA:29D) Total Assets : €29.78 Mil (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Bit Brother Total Assets?

Bit Brother's Total Assets for the quarter that ended in Jun. 2023 was €29.78 Mil.

During the past 12 months, Bit Brother's average Total Assets Growth Rate was -73.50% per year. During the past 3 years, the average Total Assets Growth Rate was 21.30% per year. During the past 5 years, the average Total Assets Growth Rate was 26.60% per year. During the past 10 years, the average Total Assets Growth Rate was -20.70% per year.

During the past 12 years, Bit Brother's highest 3-Year average Total Assets Growth Rate was 264.40%. The lowest was -77.20%. And the median was -11.20%.

Total Assets is connected with ROA %. Bit Brother's annualized ROA % for the quarter that ended in Jun. 2023 was -253.67%. Total Assets is also linked to Revenue through Asset Turnover. Bit Brother's Asset Turnover for the quarter that ended in Jun. 2023 was 0.03.

Bit Brother Total Assets Historical Data

The historical data trend for Bit Brother's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bit Brother Total Assets Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

Get a 7-Day Free Trial

9.60

20.10

55.74

108.39

29.78

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															55.74	123.66	108.39	98.95	29.78

Bit Brother Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bit Brother's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	26.674	+	3.106
	=	29.78

Bit Brother's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	26.674	+	3.106
	=	29.78

Bit Brother (FRA:29D) Total Assets Explanation

Total Assets is connected with ROA %.

Bit Brother's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-163.272	/	( (98.948	+	29.78)	/ 2 )
	=	-163.272	/	64.364
	=	-253.67 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bit Brother's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	2.077	/	( (98.948	+	29.78)	/ 2 )
=	2.077	/	64.364
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bit Brother Total Assets Related Terms

Thank you for viewing the detailed overview of Bit Brother's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Brother (FRA:29D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (FRA:29D) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BETS:USA 29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.

Bit Brother (FRA:29D) Headlines

No Headlines