Marathon Digital Holdings Inc (MARA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 48.61 | 13.33 | 30.78 | 30.70 | 7.88 | 6.63 | 2.99 | 2.84 | — | — | — | 0.11 | — | — | — | |
| DOH | days | — | — | — | — | — | 7.51 | 27.38 | 11.86 | 11.89 | 46.34 | 55.05 | 122.28 | 128.63 | — | — | — | 3,423.07 | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Marathon Digital Holdings Inc has shown significant fluctuations over the years. From December 31, 2020, where it was at an extremely high level of 3,423.07 days, the DOH has been on a decreasing trend. By the end of December 31, 2022, the DOH had decreased significantly to 11.89 days, indicating that the company was managing its inventory more efficiently.
Further improvements were seen in the subsequent periods, with the DOH dropping to 7.51 days by September 30, 2023, and further down to 11.86 days by March 31, 2024. This reduction in the DOH suggests that Marathon Digital Holdings Inc was able to sell its inventory more quickly, resulting in lower holding costs and potentially freeing up cash for other activities.
However, it is worth noting that the DOH figures were not available for several periods, indicating possible data gaps or fluctuations in the reporting. Going forward, stakeholders may want to monitor the company's inventory management closely to ensure that the efficiency gains observed in recent periods are sustained.
Peer comparison
Dec 31, 2024