Marathon Digital Holdings Inc (MARA)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 2,483 | 2,507 | 3,161 |
| 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 | — | — | — | — | — | — |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $759,364K ÷ $—K
= —
The inventory turnover ratio for Marathon Digital Holdings Inc has varied over the periods reported. The ratio represents how many times the company's inventory is sold and replaced over a specific period.
Looking at the data, we observe that there is a significant increase in the inventory turnover ratio from September 2022 to December 2022, indicating that the company was able to sell and replace its inventory more efficiently during that quarter.
Subsequently, the inventory turnover ratio showed a decrease in the following quarters, but remained relatively stable at around 30 times for the periods from March 2023 to December 2023, showing that the company was still able to manage its inventory effectively during this time.
The highest inventory turnover ratio reported was 48.61 in September 2023, indicating that the company was able to sell and restock its inventory almost 49 times during that period.
Overall, Marathon Digital Holdings Inc appears to have been managing its inventory efficiently, with fluctuations in the turnover ratio seen across the periods analyzed. It is important for the company to continue monitoring and improving its inventory management practices to ensure optimal operations and financial performance.
Peer comparison
Mar 31, 2024
Mar 31, 2024