Marathon Digital Holdings Inc (MARA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 119.86 | 59.74 | 313.40 | 21.43 | — | |
| Number of days of payables | days | 3.05 | 6.11 | 1.16 | 17.03 | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 119.86
= 3.05
The number of days of payables for Marathon Digital Holdings Inc has exhibited variability over the years as follows:
- As of December 31, 2021, the company took approximately 17.03 days on average to pay its suppliers and vendors.
- By December 31, 2022, the number of days of payables decreased significantly to 1.16 days, indicating a swift turnaround in settling payables.
- Subsequently, as of December 31, 2023, the number of days of payables increased to 6.11 days, suggesting a slightly longer period taken to pay vendors compared to the prior year.
- As of the most recent data available on December 31, 2024, the number of days of payables decreased again to 3.05 days, indicating a more efficient payables management compared to the preceding year.
Overall, the trends in Marathon Digital Holdings Inc's number of days of payables show fluctuations but generally suggest the company's ability to effectively manage its payables, negotiate payment terms, and maintain liquidity.
Peer comparison
Dec 31, 2024