BITNILE HOLDINGS, INC. (XNYS:NILE) Financials Accounting Problem: Ratio Analysis 2020 & 2021
Explain findings for financials provided using the tables and ratio formulas.
Use the NASDAQ link for financial data. https://www.nasdaq.com/market-activity/stocks/nile/financials
If ratios are unavailable explain why. See example example answer.
Explain Profitability Ratios:
- Profitability ratio 1: Profit margin
- Profitability ratio 2: Asset Turnove
- Profitability ratio 4: Return on Equity
- Profitability ratio 5: Earnings per Share
- Profitability ratio 6: Dividend per share
- Profitability ratio 6: Dividend per share
- Profitability ratio 7: Price-earnings
- Profitability ratio 8: Payout ratio
- Profitability ratio 9: Dividend payout ratio
Explain Liquidity Ratios:
- Liquidity ratio 1: Working Capital
- Liquidity ratio 2: Current Ratio
- Liquidity ratio 3: Quick ratio, Acid test ratio
- Liquidity ratio 4: Receivable Turnover
- Liquidity ratio 5: Average Collection Ratio
- Liquidity ratio 6: Inventory Turnover
- Liquidity ratio 7: Average Sale Period
Explain Solvency Ratios:
- Solvency ratio 1: Debt to Total Assets
- Solvency ratio 2: Debt to Equity
- Solvency ratio 3: Times Interest Earned
- Solvency ratio 4: Free Cash Flow
BITNILE HOLDINGS, INC. (XNYS:NILE)
Ratio analysis 2020
Several ratios are used to evaluate companies’ economic positions. These include profitability and liquidity ratios. Some of these ratios are presented as follows:
Information n/a is defaulted to 0.00
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Profitability ratio 1: Profit margin |
Profitability ratio 2: Asset Turnover |
Profitability ratio 3: Return on Assets |
Profitability ratio 4: Return on Equity |
Profitability ratio 5: Earnings per Share |
Profitability ratio 6: Dividend per share |
Profitability ratio 7: Price-earnings |
Profitability ratio 8: Payout ratio |
Profitability ratio 9: Dividend payout ratio |
|
|
|
|
|
|
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
(1.37) |
0.32 |
(0.43) |
(0.68) |
(0.000 or n/a) |
0.000 or n/a |
0.000 or n/a |
0.000 or n/a |
0.000 or n/a |
Information n/a is defaulted to 0.00
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Liquidity ratio 1: Working Capital |
Liquidity ratio 2: Current Ratio |
Liquidity ratio 3: Quick ratio, Acid test ratio |
Liquidity ratio 4: Receivable Turnover |
Liquidity ratio 5: Average Collection Ratio |
Liquidity ratio 6: Inventory Turnover |
Liquidity ratio 7: Average Sale Period |
|
|
|
|
|
|
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
7023 |
1.26 |
1.13 |
3.54 |
103 |
4.85 |
0.000 or n/a |
Information n/a is defaulted to 0.00
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Solvency ratio 1: Debt to Total Assets |
Solvency ratio 2: Debt to Equity |
Solvency ratio 3: Times Interest Earned |
Solvency ratio 4: Free Cash Flow |
|
|
|
|
|
|
2020 |
2020 |
2020 |
2020 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
0.010 |
0.015 |
(2.46) |
0.000 or n/a |
Ratio analysis 2021
Several ratios are used to evaluate companies’ economic positions. These include profitability and liquidity ratios. Some of these ratios are presented as follows:
Information n/a is defaulted to 0.00
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Profitability ratio 1: Profit margin |
Profitability ratio 2: Asset Turnover |
Profitability ratio 3: Return on Assets |
Profitability ratio 4: Return on Equity |
Profitability ratio 5: Earnings per Share |
Profitability ratio 6: Dividend per share |
Profitability ratio 7: Price-earnings |
Profitability ratio 8: Payout ratio |
Profitability ratio 9: Dividend payout ratio |
|
|
|
|
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
0% |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
0.00 or n/a |
Information n/a is defaulted to 0.00.
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Liquidity ratio 1: Working Capital |
Liquidity ratio 2: Current Ratio |
Liquidity ratio 3: Quick ratio, Acid test ratio |
Liquidity ratio 4: Receivable Turnover |
Liquidity ratio 5: Average Collection Period |
Liquidity ratio 6: Inventory Turnover |
Liquidity ratio 7: Average Sale Period |
|
|
|
|
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
$11,514.00 |
114% |
107% |
6.77 |
54 days |
110.45 |
3 days |
Information n/a is defaulted to 0.00.
|
Company Name |
Tickers |
Employees |
Share outstanding |
Year incorporated |
Solvency ratio 1: Debt to Total Assets |
Solvency ratio 2: Debt to Equity |
Solvency ratio 3: Times Interest Earned |
Solvency ratio 4: Free Cash Flow |
|
|
|
|
|
|
2021 |
2021 |
2021 |
2021 |
|
BITNILE HOLDINGS, INC. (XNYS:NILE) |
NILE |
323 |
323,980,700 |
2017 |
29.93% |
64.68% |
0.00 or n/a |
0.00 or n/a |
*******EXAMPLE ANSWER********************************* BIT MINING LIMITED (XNYS:BTCM)***************************
BIT MINING LIMITED (XNYS:BTCM)
Ratio analysis 2020
Several ratios are used to evaluate companies’ economic positions. These include profitability and liquidity ratios. Some of these ratios are presented as follows:
Information n/a is defaulted to 0.00
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Profitability ratio 1: Profit margin | Profitability ratio 2: Asset Turnover | Profitability ratio 3: Return on Assets | Profitability ratio 4: Return on Equity | Profitability ratio 5: Earnings per Share | Profitability ratio 6: Dividend per share | Profitability ratio 7: Price-earnings | Profitability ratio 8: Payout ratio | Profitability ratio 9: Dividend payout ratio |
| 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | (14.96) | 0.03 | (0.450) | (0.524) | (0.005) | (0.000 or n/a) | 0.000 or n/a) | 0.000 or n/a | 0.000 or n/a |
Information n/a is defaulted to 0.00
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Liquidity ratio 1: Working Capital | Liquidity ratio 2: Current Ratio | Liquidity ratio 3: Quick ratio, Acid test ratio | Liquidity ratio 4: Receivable Turnover | Liquidity ratio 5: Average Collection Ratio | Liquidity ratio 6: Inventory Turnover | Liquidity ratio 7: Average Sale Period |
| 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | 40190 | 4.56 | 4.56 | N/a | 0.000 or n/a | 0.000 or n/a | 0.000 or n/a |
Information n/a is defaulted to 0.00
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Solvency ratio 1: Debt to Total Assets | Solvency ratio 2: Debt to Equity | Solvency ratio 3: Times Interest Earned | Solvency ratio 4: Free Cash Flow |
| 2020 | 2020 | 2020 | 2020 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | 0.000 or n/a | 0.000 or n/a | 0.000 or n/a | 0.000 or n/a |
Ratio analysis 2021
Several ratios are used to evaluate companies’ economic positions. These include profitability and liquidity ratios. Some of these ratios are presented as follows:
Information n/a is defaulted to 0.00
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Profitability ratio 1: Profit margin | Profitability ratio 2: Asset Turnover | Profitability ratio 3: Return on Assets | Profitability ratio 4: Return on Equity | Profitability ratio 5: Earnings per Share | Profitability ratio 6: Dividend per share | Profitability ratio 7: Price-earnings | Profitability ratio 8: Payout ratio | Profitability ratio 9: Dividend payout ratio |
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | 0% | 1346% | 0.00 or n/a | 0.00 or n/a | 0.00 or n/a | 0.00 or n/a | 0.00 or n/a | 0.00 or n/a | 0.00 or n/a |
Information n/a is defaulted to 0.00.
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Liquidity ratio 1: Working Capital | Liquidity ratio 2: Current Ratio | Liquidity ratio 3: Quick ratio, Acid test ratio | Liquidity ratio 4: Receivable Turnover | Liquidity ratio 5: Average Collection Period | Liquidity ratio 6: Inventory Turnover | Liquidity ratio 7: Average Sale Period |
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | $92,930.00 | 113% | 113% | 3606.18 | 0.10 days | 0.00 or n/a | 0 days |
Information n/a is defaulted to 0.00.
| Company Name | Tickers | Employees | Share outstanding | Year incorporated | Solvency ratio 1: Debt to Total Assets | Solvency ratio 2: Debt to Equity | Solvency ratio 3: Times Interest Earned | Solvency ratio 4: Free Cash Flow |
| 2021 | 2021 | 2021 | 2021 | |||||
| BIT Mining Limited (XNYS:BTCM) | BTCM | 153 | 7,100,780 | 2007 | 38.61% | 62.90% | 0.00 or n/a | 0.00 or n/a |
Financial ratios are essential to any business and BIT MINING LIMITED (XNYS:BTCM) has used them as a means to assess their company’s performance and contrast its performance with that of other companies in the same sector. Ratios assess the connection between two or more financial statement factors. This enables the company to track the success of their business over time and see warning signals of disaster.
Step 1: Profitability Ratios: The table below explains the profitability ratios of BIT MINING LIMITED (XNYS:BTCM) for the year 2020 and 2021.
| Profit Margin | Profit margin is used to reflect the amount of profit that has resulted from each dollar of sale. Therefore, the company proved to be profitable in the year 2020 compared to 2021 when their ration was at 0. In 2020, the company made a 14.96 profit for every dollar of sales. But in 2021 the company had a profit margin of zero, which means that the company is either having trouble controlling its costs and making strong sales. |
| Asset Turnover | Assets turnover serves as a gauge of how well a business uses its resources to generate money. In 2020, for every dollar in assets 0.03 in sales. while in 2021 it made well use of its assets because for every dollar in assets the company made 13.46% in sales. |
| Return on Assets | ROA reveals how profitable a company is in reference to its total assets. The company’s total assets were more profitable in 2020 than in 2021. In 2020 the company generated 0.450 dollars in net income for every dollar the company invested in assets. Contrary, in 2021 the company had N/A ROA which meant that the company made no profit for every dollar invested on assets. |
| Return on Equity | ROE reveals how much profit the business makes from each $ of shareholder equity. In 2020 the company earned 0.524 dollars for every dollar invested. However, in 2021 the company had a ROE of zero which indicated that it experienced a loss. Therefore it had no net income. |
| Earning Per Share | This is a ratio used by investors to determine how profitable a company is before investing. In both 2020 and 2021 the company was not profitable for investors because the investor would only earn 0.05 dollar for every dollar invested. In 2021, investors would earn zero dollars for every dollar invested, meaning stock had negative earnings. |
| Dividend Per Share | Dividend per share ratio is used to indicate the amount of dividend issued by the company for every share outstanding. A zero dividend per share ratio would mean that the company does not pay a dividend. |
|
Price- Earning |
Price-earning ratio is used to determine the growth and stock viability of the company. The company had a zero price-earning ratio for both years. This means that the company earnings per share were zero for both periods. |
| Payout Ratio | Payout ratio is used to assess the viability of a company dividend payment plan. The company had a payout ratio of zero in both years. This means that the company doesn’t pay a dividend. |
| Dividend Payout Ratio | The company had a dividend payout ratio of zero in 2020 and 2021, which means that the company made losses in both years; thus the company paid no dividends. |
Step 2: Liquidity Ratios: The table below explains the liquidity ratios of BIT MINING LIMITED (XNYS:BTCM) for the year 2020 and 2021.
| Working Capital | The working capital ratio reveals a company’s operation efficiency and sustainability of its short-term finances. The company shows a strong financial position in terms of liquidity in both years. In 2020 the company working capital ratio was 40190 and in 2021 it was at 92930. |
| Current Ratio | Current ratio is used to determine the ability of a company to pay its short term debts. In 2020 the company had a strong current ratio, 4.56, compared in 2021 when its current ratio was at 1.13. When comparing the value of a company’s short-term assets to its short-term liabilities, a higher current ratio is indicative of more liquidity and solvency. A high ratio, say over 3.00, could mean that the company has enough cash on hand to cover its short-term obligations in full, but it could also mean that the company is not making good use of its available assets, is having trouble securing adequate financing, or is not managing its working capital effectively. |
| Quick/ Acid Test Ratio | Quick ratio analyzes a firm’s most short-term assets to its most short-term liabilities to assess if a company has adequate cash to cover its current obligations, such as short-term debt. In both years the company’s quick ratio is above 1 which indicates that the company has enough liquid assets to pay for its short term debts. |
| Receivable Turnover | This ratio is used to evaluate the efficiency with which a business collects and repays its short-term debt from consumers. A high receivable turnover ratio as shown in 2021 indicates that the company has effective strategy for collection of accounts receivables and has quality and loyal customers who own up their debt within the shortest time possible. On the other hand, a zero receivable turnover as presented in 2020 would be that the company had poor strategies for collecting its account receivable and their customers paid their debts in a slow rate or it could mean that the company had no account receivables with that period. |
| Average Collection Period | The average collection period refers to the time taken by a company’s customer to pay back their debts in terms of account receivables. Average collection period of this company for the years 2020 was zero meaning that it had poor account receivables management practices. while in 2021 the company’s average collection period was 0.10days indicating a significant improvement in their account receivables management practices. |
| Inventory Turnover | The company’s inventory turnover was zero for both years which meant that the company turns all its raw material into finished goods everyday. |
| Average Sale Period | The company had a low average sale period ratio of zero which shows that the company has a higher liquidity because it takes a shorter period of time to have all its products sold. |
Step 3: Solvency Ratio: The table below explains the solvency ratios of BIT MINING LIMITED (XNYS:BTCM) for the year 2020 and 2021.
| Debt to Total Assets | This ratio illustrates the proportion of a company’s assets that are held by creditors against those held by shareholders. In 2020 the comp
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