Marathon Digital Holdings Inc (MARA)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | 214.45 | 30.14 | 59.94 | — | 217.23 | 266.38 | 1,161.49 | 10,974.89 | — | 7.96 | 6.29 | 4.96 | — | — | — | 0.06 | — | — | — | |
| DSO | days | — | 1.70 | 12.11 | 6.09 | — | 1.68 | 1.37 | 0.31 | 0.03 | — | 45.88 | 58.04 | 73.54 | — | — | — | 6,292.36 | — | — | — |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days of Sales Outstanding (DSO) is a financial ratio that measures the average number of days a company takes to collect on its accounts receivable. A lower DSO indicates that a company is collecting its receivables more quickly, which is generally favorable.
Looking at the data for Marathon Digital Holdings Inc:
- The trend in DSO shows fluctuations over the reporting periods, with some periods showing no data available (indicated as "— days").
- As of December 31, 2020, the DSO was quite high at 6,292.36 days, which suggests that the company was taking an extended period to collect on its accounts receivable.
- However, there was a significant improvement by December 31, 2022, with the DSO decreasing to 0.03 days, indicating a substantial improvement in the collection efficiency.
- The DSO continued to decrease further, reaching 0.31 days by March 31, 2023, and slightly increasing to 1.37 days by June 30, 2023.
- The DSO remained relatively low and stable in the subsequent reporting periods, 1.68 days by September 30, 2023, and then a slight increase to 6.09 days by March 31, 2024.
- The DSO increased to 12.11 days by June 30, 2024, before decreasing again to 1.70 days by September 30, 2024.
Overall, the trend in DSO for Marathon Digital Holdings Inc shows variability over time, with the company making efforts to improve its accounts receivable collection efficiency. However, there are fluctuations in the DSO, indicating that the company's collection process may still face some challenges during certain reporting periods.
Peer comparison
Dec 31, 2024