Marathon Digital Holdings Inc (MARA)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,335,581 | 1,075,003 | 925,361 | 759,364 | 486,662 | 345,347 | 290,494 | 367,065 | 342,349 | 246,779 | 286,454 | 121,765 | 97,777 | 108,254 | 11,892 | 8,253 | 7,000 | 4,525 | 3,368 | 3,127 |
| Inventory | US$ in thousands | — | — | — | — | — | 7,104 | 21,794 | 11,927 | 11,150 | 31,334 | 43,206 | 40,792 | 34,458 | — | — | — | 65,648 | — | — | — |
| Inventory turnover | — | — | — | — | — | 48.61 | 13.33 | 30.78 | 30.70 | 7.88 | 6.63 | 2.99 | 2.84 | — | — | — | 0.11 | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,335,581K ÷ $—K
= —
Marathon Digital Holdings Inc's inventory turnover has shown a fluctuating trend over the period from December 31, 2020, to September 30, 2024. The inventory turnover ratio indicates how efficiently the company is managing its inventory.
The inventory turnover ratio was 0.11 as of December 31, 2020, signifying that the company's inventory turnover was slow during that period. However, there was a significant improvement in the efficiency of managing inventory as the ratio increased to 2.84 by December 31, 2021.
Subsequently, there was a substantial increase in the inventory turnover ratio to 30.70 by December 31, 2022, and further to 30.78 by March 31, 2023. This surge in the ratio suggests that Marathon Digital Holdings Inc was managing its inventory at a much faster rate during these periods.
However, there was a notable decline in the inventory turnover ratio to 13.33 by June 30, 2023, followed by a significant increase to 48.61 by September 30, 2023. This fluctuation may indicate inconsistencies in inventory management practices during these quarters.
As of December 31, 2023, the inventory turnover ratio was not available. The lack of this data point could hinder a comprehensive analysis of the company's inventory turnover efficiency in that particular quarter.
It is important to monitor inventory turnover consistently to ensure effective inventory management. Fluctuations in this ratio can provide insights into the company's ability to balance inventory levels with sales demand and avoid overstock or stockouts.
Peer comparison
Dec 31, 2024
Dec 31, 2024