Marathon Digital Holdings Inc (MARA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 106.37 | 85.58 | 32.09 | 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 | 3.43 | 4.26 | 11.38 | 15.99 | 8.51 | 16.09 | 8.98 | 3.22 | 1.40 | 28.18 | 65.37 | 23.13 | 29.02 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 106.37
= 3.43
The number of days of payables for Marathon Digital Holdings Inc has shown fluctuations over the periods indicated in the financial data. The trend indicates that the company has managed its payables effectively in recent years.
As of December 31, 2021, the company had an average payment period of approximately 29.02 days. Subsequently, there was a substantial increase in the number of days of payables to 65.37 days as of June 30, 2022, which could signify a delay in payments to suppliers or changes in the company's operations or procurement processes.
However, by December 31, 2022, the number of days of payables significantly dropped to 1.40 days, indicating a much shorter payment period. This sharp decrease suggests that the company may have improved its efficiency in paying off its obligations promptly.
Subsequent periods, such as March 31, 2023, and June 30, 2023, show improvements in managing payables with 3.22 days and 8.98 days, respectively. This indicates that the company was able to maintain a relatively short payment period during those quarters.
Overall, the company appears to have stabilized its number of days of payables, with figures ranging from 3.43 days as of December 31, 2024, to a high of 65.37 days as of June 30, 2022. Effective management of payables is crucial for maintaining good relationships with suppliers and optimizing working capital efficiency.
Peer comparison
Dec 31, 2024