Marathon Digital Holdings Inc (MARA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 59.74 | 313.40 | 21.43 | — | — | |
| Number of days of payables | days | 6.11 | 1.16 | 17.03 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 59.74
= 6.11
The number of days of payables for Marathon Digital Holdings Inc has shown variability over the years. As of December 31, 2023, the company had an average payment period of 6.11 days, indicating that it takes approximately 6 days to settle its outstanding liabilities with suppliers. This represents a significant increase from the previous year, where the number of days of payables was notably lower at 1.16 days as of December 31, 2022.
Looking back to December 31, 2021, the number of days of payables was 17.03 days, suggesting that the company took around 17 days to pay its suppliers. However, data for the years 2020 and 2019 is not available for comparison.
The fluctuation in the number of days of payables may provide insights into the company's liquidity management and supplier relationships. A longer payment period could imply improved cash flow management or negotiations with suppliers, while a shorter period may signal efficient payment practices or potentially strained relationships. Further analysis and comparison with industry benchmarks would be beneficial to fully assess the implications of Marathon Digital Holdings Inc's number of days of payables.
Peer comparison
Dec 31, 2023