Marathon Digital Holdings Inc (MARA)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — | — | — |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) for Marathon Digital Holdings Inc has shown significant variation over the last few quarters.
The DOH was not available for some periods which can be due to various reasons such as data unavailability or calculations not being applicable.
In the periods where data was provided, the DOH ranged from as low as 7.51 days to as high as 3,423.07 days. Such wide fluctuations can indicate irregularities in inventory management practices.
A decreasing trend in DOH from 2022 to 2023 (46.34 days to 11.86 days) suggests the company may have improved their inventory management efficiency during that period. However, the sharp spike in DOH to 3,423.07 days in December 2020 raises concerns about potential issues like overstocking, obsolete inventory, or inaccurate financial reporting.
Further analysis and comparison with industry benchmarks would provide more insight into the effectiveness of Marathon Digital Holdings Inc's inventory management practices.
Peer comparison
Mar 31, 2024