Bitrate = Sample Rate x Bit Depth
Uh huh. (Though not for lossy, where bit depth is not meaningful in the same way as PCM...also arguably true for DSD)
SACD (DSD) is typically 2,822.4 kHz (sample rate) x 1 bit (bit depth) x 2 channels = 5,644.8 Kbps
Redbook CD is 44.1 kHz x 16 bits x 2 channels = 1,411 Kbps
Surely you see the comparison problem here by just looking at bitrate? They arrive at their Kbps by very different means.
In any case *this is beside the point*. Unless you are talking lossy encoding, or sub-CD-rate PCM, bitrate is not determining audible quality that you encounter in normal listening*.
That is overwhelmingly determined by *mastering* choices (which for these purposes also includes tape sourcing , for analog sources).
*normal listening does not mean, e.g. jacking up the volume to deafening levels so you can hear minute differences in reverb tails