Marathon Digital Holdings Inc (MARA)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 677,594 | 411,185 | 166,573 | 7,001 | 2,482 |
| Inventory | US$ in thousands | -2,091 | 11,150 | 34,458 | 65,648 | — |
| Inventory turnover | — | 36.88 | 4.83 | 0.11 | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $677,594K ÷ $-2,091K
= —
The inventory turnover ratio of Marathon Digital Holdings Inc has shown significant improvement over the years. In 2022, the ratio stood at 36.88, indicating that the company sold and replaced its inventory nearly 37 times during the year. This represents a strong and efficient management of inventory.
Comparing to the data from previous years, it illustrates a remarkable increase from 4.83 in 2021 and a significant leap from 0.11 in 2020. This improvement suggests that the company has been more effective in managing its inventory levels and turning them into sales.
However, it is worth noting that there is no data available for 2019 and 2023, which limits the ability to track the overall trend. Nonetheless, the substantial increase in inventory turnover from 2020 to 2022 signifies positive developments in the management of inventory by Marathon Digital Holdings Inc.
Peer comparison
Dec 31, 2023