Marathon Digital Holdings Inc (MARA)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,504,910 | 677,594 | 411,185 | 166,573 | 7,001 |
| Inventory | US$ in thousands | -16,832 | 14,168 | 11,150 | 34,458 | 65,648 |
| Inventory turnover | — | 47.83 | 36.88 | 4.83 | 0.11 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,504,910K ÷ $-16,832K
= —
The inventory turnover ratio for Marathon Digital Holdings Inc has shown a significant improvement over the years. In December 2020, the ratio was very low at 0.11, indicating slow inventory turnover. However, by December 2021, the ratio had increased significantly to 4.83, showing a more efficient utilization of inventory.
This trend continued, with the inventory turnover ratio reaching 36.88 by December 2022 and further improving to 47.83 by December 2023. These figures suggest that Marathon Digital Holdings Inc has been managing its inventory effectively, with a higher turnover rate indicating that the company is selling its products at a faster pace.
Unfortunately, the data for December 31, 2024, is not available. However, based on the trend seen in previous years, it can be speculated that the company may have continued to improve its inventory turnover ratio, enhancing its operational efficiency and potentially boosting its profitability.
Peer comparison
Dec 31, 2024