Marathon Digital Holdings Inc (MARA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 22.82 | 42.90 | 22.69 | 40.63 | 113.47 | 260.94 | 12.95 | 5.58 | 15.78 | 12.58 | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | 15.99 | 8.51 | 16.09 | 8.98 | 3.22 | 1.40 | 28.18 | 65.37 | 23.13 | 29.02 | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.82
= 15.99
The number of days of payables for Marathon Digital Holdings Inc has shown variability over the past quarters. The days of payables were relatively stable in the most recent quarters, with 15.99 days as of March 31, 2024, and 8.51 days as of December 31, 2023. This indicates that the company takes approximately 9 to 16 days to pay its suppliers.
In comparison, the days of payables were much lower in the earlier quarters, ranging from 1.40 days as of December 31, 2022, to 3.22 days as of March 31, 2023, reflecting a shorter time taken to pay suppliers during those periods.
The significant increase in days of payables to 65.37 days as of June 30, 2022, and 28.18 days as of September 30, 2022, may suggest a shift in the payment practices or temporary delays in settling obligations during those periods. Subsequently, the days of payables trended lower before stabilizing in the recent quarters.
Overall, the company's number of days of payables provides insights into its payment efficiency and cash flow management in relation to its suppliers over the past few quarters. Further analysis and comparison with industry benchmarks could provide additional context regarding the company's financial health and operational efficiency.
Peer comparison
Mar 31, 2024