Marathon Digital Holdings Inc (MARA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 656,378 | 387,508 | 117,753 | 148,894 | 4,336 |
| Receivables | US$ in thousands | -2,255 | 0 | 18 | 30,000 | 74,767 |
| Receivables turnover | — | — | 6,541.83 | 4.96 | 0.06 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $656,378K ÷ $-2,255K
= —
The receivables turnover ratio indicates how efficiently a company is able to collect payments from its customers. In the case of Marathon Digital Holdings Inc, we observe a significant improvement in the receivables turnover ratio over the years.
In 2020, the ratio was quite low at 0.06, suggesting that Marathon Digital Holdings took a long time to collect payments from its customers. However, by 2021, the ratio had increased substantially to 4.96, indicating a better ability to collect receivables in a timely manner.
The most striking observation is in 2022, where the receivables turnover ratio surged to an astonishing 6,541.83. Such a dramatic increase could be due to various factors like changes in sales volume, collection policies, or even accounting adjustments.
Unfortunately, the data for 2023 and 2024 are missing ('—'). It is crucial to note that an extremely high receivables turnover ratio may not always be ideal, as it could imply either a very efficient collections process or potential issues like overly aggressive credit policies.
Overall, the trend suggests that Marathon Digital Holdings Inc has been able to significantly improve its efficiency in collecting receivables, but further analysis is needed to understand the reasons behind the drastic increase in the ratio in 2022 and the missing data for 2023 and 2024.
Peer comparison
Dec 31, 2024