Marathon Digital Holdings Inc (MARA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 47.83 | 36.88 | 4.83 | 0.11 | |
| DOH | days | — | 7.63 | 9.90 | 75.51 | 3,422.59 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Marathon Digital Holdings Inc have shown a significant improvement over the years, indicating better inventory management efficiency.
As of December 31, 2020, the company had a high DOH of 3,422.59 days, suggesting that it took a considerable amount of time to sell its inventory. However, this metric improved drastically by December 31, 2021, dropping to 75.51 days, highlighting a more efficient inventory turnover.
By December 31, 2022, the DOH further decreased to 9.90 days, indicating the company was managing its inventory more effectively and selling goods at a faster rate. This trend continued into December 31, 2023, with the DOH dropping to 7.63 days, showcasing a continued improvement in inventory management efficiency.
Unfortunately, the data for December 31, 2024, is not available, appearing as "— days," making it difficult to assess the company's recent performance in terms of inventory turnover.
Overall, the decreasing trend in DOH from 2020 to 2023 signifies that Marathon Digital Holdings Inc has been enhancing its inventory management practices, which can positively impact its working capital management and overall financial performance.
Peer comparison
Dec 31, 2024