Marathon Digital Holdings Inc (MARA)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 387,508 | 117,753 | 148,894 | 4,336 | 1,303 |
| Property, plant and equipment | US$ in thousands | 671,772 | 273,026 | 276,243 | 17,224 | 3,755 |
| Fixed asset turnover | 0.58 | 0.43 | 0.54 | 0.25 | 0.35 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $387,508K ÷ $671,772K
= 0.58
The fixed asset turnover ratio for Marathon Digital Holdings Inc has shown fluctuations over the past five years, ranging from 0.25 to 0.58. This ratio measures the efficiency of the company in generating revenue from its investment in fixed assets.
The trend indicates that the company has been able to improve its utilization of fixed assets over time, as the ratio has been increasing since 2020. This suggests that Marathon Digital Holdings Inc has become more efficient in generating revenue with its fixed assets.
However, the ratio still remains relatively low, indicating that there may be further room for improvement in optimizing the utilization of fixed assets to generate revenue. It is important for the company to continue monitoring and improving this ratio to ensure efficient use of its fixed assets and maximize returns for its shareholders.
Peer comparison
Dec 31, 2023