Marathon Digital Holdings Inc (MARA)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 36.88 | 4.83 | 0.11 | — | |
| DOH | days | — | 9.90 | 75.51 | 3,422.59 | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) for Marathon Digital Holdings Inc has shown significant fluctuations over the past five years. In 2023, there was no specific data for DOH available. In 2022, the company had an average of 9.90 days of inventory on hand, indicating that it took about 9.90 days for the company to sell its inventory. This suggests efficient inventory management.
However, in 2021, the DOH increased drastically to 75.51 days, reflecting a considerable increase in the time taken to sell off inventory. This could indicate overstocking or potential issues in inventory management during that period.
The most significant deviation was observed in 2020, with DOH soaring to 3,422.59 days, which is an outlier compared to the other years. This exceptionally high number suggests potential inefficiencies in inventory management or disruptions in the supply chain that year.
In 2019, there was no specific data available for DOH. To summarize, the trends in Marathon Digital Holdings Inc's Days of Inventory on Hand indicate fluctuations in inventory management efficiency over the past five years, with potential areas for improvement highlighted in the years with higher DOH figures.
Peer comparison
Dec 31, 2023