Bitfarms Ltd. ROIC

ROIC of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including ROIC growth rates and interactive chart. Return on invested capital (ROIC) is a calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. Calculated as Net Operating Profit After Tax or EBIT*(1-tax rate) divided by average invested capital. Invested capital is calculated as equity plus long-term and short-term debt minus cash and short-term investments. ROIC is often compared to the Weighted average cost of capital (WACC). If it's above it, it is said the company is creating value, if it's below it's destroying it. A company with after tax operating profit of $10 million and invested capital of $50 million will have a ROIC of 20%.


Highlights and Quick Summary

  • Annual ROIC for 2020 was -10.08% (a -644.86% decrease from previous year)
  • Annual ROIC for 2019 was 1.85% (a -103.59% decrease from previous year)
  • Twelve month ROIC ending June 29, 2021 was 4.14% (a -48.64% decrease compared to previous quarter)
  • Twelve month trailing ROIC decreased by -149.23% year-over-year
Trailing ROIC for the last four month:
29 Jun '21 30 Mar '21 30 Dec '20 29 Sep '20
4.14% 8.06% -10.08% -8.41%
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Historical ROIC of Bitfarms Ltd.

Most recent ROICof BITF including historical data for past 10 years.

Interactive Chart of ROIC of Bitfarms Ltd.

Bitfarms Ltd. ROIC for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 -10.08%
2019 1.85%
2018 -51.56%

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.