Marathon Digital Holdings Inc (MARA)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 6,541.83 | 4.96 | 0.06 | — | |
| DSO | days | — | 0.06 | 73.54 | 6,293.81 | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days Sales Outstanding (DSO) ratio measures the average number of days it takes for a company to collect payment after a sale has been made. Lower DSO indicates a faster collection of receivables, while higher DSO suggests a slower collection process.
From the data provided for Marathon Digital Holdings Inc:
- The DSO for December 31, 2022, was unusually low at 0.06 days, which could indicate a very efficient collection process or potentially an error in the data.
- The DSO for December 31, 2021, was quite high at 73.54 days, indicating a slower collection of receivables compared to the previous year.
- The DSO for December 31, 2020, spiked significantly to 6,293.81 days, which is an extremely high number and could be due to a change in the company's operations or reporting practices.
Overall, the trend in DSO for Marathon Digital Holdings Inc seems to have been erratic and inconsistent, with significant fluctuations over the years. Further investigation into the reasons behind these fluctuations and the effectiveness of the company's credit and collection policies may be warranted.
Peer comparison
Dec 31, 2023