BitFuFu (BitFuFu) Total Assets : $210.0 Mil (As of Dec. 2023)

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What is BitFuFu Total Assets?

BitFuFu's Total Assets for the quarter that ended in Dec. 2023 was $210.0 Mil.

During the past 12 months, BitFuFu's average Total Assets Growth Rate was 29.10% per year. During the past 3 years, the average Total Assets Growth Rate was 405.50% per year.

During the past 4 years, BitFuFu's highest 3-Year average Total Assets Growth Rate was 405.50%. The lowest was 405.50%. And the median was 405.50%.

Total Assets is connected with ROA %. BitFuFu's annualized ROA % for the quarter that ended in Dec. 2023 was 2.62%. Total Assets is also linked to Revenue through Asset Turnover. BitFuFu's Asset Turnover for the quarter that ended in Dec. 2023 was 0.73.

BitFuFu Total Assets Historical Data

The historical data trend for BitFuFu'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.

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BitFuFu Total Assets Chart

BitFuFu Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

1.38

116.30

198.34

210.03

BitFuFu Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			116.30	215.21	198.34	198.17	210.03

BitFuFu 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.

BitFuFu's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	17.334	+	192.699
	=	210.0

BitFuFu's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	17.334	+	192.699
	=	210.0

BitFuFu (NAS:FUFU) Total Assets Explanation

Total Assets is connected with ROA %.

BitFuFu's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	5.346	/	( (198.174	+	210.033)	/ 2 )
	=	5.346	/	204.1035
	=	2.62 %

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

BitFuFu's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	149.869	/	( (198.174	+	210.033)	/ 2 )
=	149.869	/	204.1035
=	0.73

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.

BitFuFu Total Assets Related Terms

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BitFuFu (BitFuFu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098

Website

BitFuFu Inc is a digital asset mining service and cloud-mining service provider, dedicated to fostering a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset.

BitFuFu (BitFuFu) Headlines

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