Marathon Digital Holdings Inc (MARA)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 59.94 | — | 217.23 | 266.38 | 1,161.49 | 10,974.89 | — | 7.96 | 6.29 | 4.96 | — | — | — | 0.06 | — | — | — | — | — | — | |
| DSO | days | 6.09 | — | 1.68 | 1.37 | 0.31 | 0.03 | — | 45.88 | 58.04 | 73.54 | — | — | — | 6,292.36 | — | — | — | — | — | — |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 59.94
= 6.09
The days of sales outstanding (DSO) for Marathon Digital Holdings Inc have shown fluctuations over time. In the most recent period, as of March 31, 2024, the DSO stands at 6.09 days, indicating that the company is efficient in collecting its accounts receivable. This is an improvement compared to the prior quarter when the DSO was not provided, suggesting that the company has managed to maintain its collection efficiency.
Looking further back, the DSO trend reveals variations in collection efficiency. For example, in December 2022 and March 2022, the DSO was exceptionally high at 6,292.36 days and 58.04 days, respectively, which could be due to specific factors influencing receivables and sales cycles during those periods. Additionally, in June 2022 and September 2022, DSO was not provided, indicating potential data limitations or reporting issues for those periods.
Overall, the DSO trend for Marathon Digital Holdings Inc demonstrates a mix of efficient collection periods and instances of challenges in managing accounts receivable. Monitoring and improving DSO can be crucial for the company to optimize cash flow and working capital management.
Peer comparison
Mar 31, 2024