Marathon Digital Holdings Inc (MARA)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | 6,541.83 | 4.96 | 0.06 | |
| DSO | days | — | — | 0.06 | 73.54 | 6,293.81 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Based on the data provided, Marathon Digital Holdings Inc's Days Sales Outstanding (DSO) has shown a significant improvement over the years.
In December 31, 2020, the DSO was extremely high at 6,293.81 days, indicating that the company took an exceptionally long time to collect its accounts receivable.
By December 31, 2021, the DSO had decreased significantly to 73.54 days, which suggests that the company improved its receivables management and was able to collect revenue more efficiently.
The DSO further dropped to a remarkably low 0.06 days by December 31, 2022, reflecting a substantial enhancement in the company's collections process efficiency.
It's worth noting that as of December 31, 2023, and December 31, 2024, the DSO data is missing. This could indicate a lack of available data for analysis, or it could imply that there were no accounts receivable outstanding at those times.
Overall, the trend indicates that Marathon Digital Holdings Inc has been increasingly effective in managing its accounts receivable and collecting revenue in a timelier manner.
Peer comparison
Dec 31, 2024