Marathon Digital Holdings Inc (MARA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 656,378 | 387,508 | 117,753 | 148,894 | 4,336 |
| Property, plant and equipment | US$ in thousands | 1,549,490 | 671,772 | 273,026 | 276,243 | 17,224 |
| Fixed asset turnover | 0.42 | 0.58 | 0.43 | 0.54 | 0.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $656,378K ÷ $1,549,490K
= 0.42
The fixed asset turnover ratio for Marathon Digital Holdings Inc has shown fluctuations over the years. In December 2020, the ratio was 0.25, indicating that the company generated $0.25 in revenue for every dollar invested in fixed assets. By December 2024, the ratio had increased to 0.42, suggesting improved efficiency in utilizing fixed assets to generate revenue.
Although there was a significant jump in the ratio from 2020 to 2021, reaching 0.54, the ratio slightly declined in 2022 to 0.43 before increasing again in 2023 to 0.58. The fluctuations in the ratio indicate changes in the company's ability to generate revenue from its fixed assets.
Overall, the trend of the fixed asset turnover ratio for Marathon Digital Holdings Inc shows variability but demonstrates a general improvement in utilizing fixed assets to generate revenue over the years.
Peer comparison
Dec 31, 2024