Marathon Digital Holdings Inc (MARA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 501,574 | 387,508 | 259,157 | 202,180 | 199,776 | 197,548 | 227,846 | 238,681 | 188,647 | 148,895 | 92,824 | 41,952 | 12,910 | 4,337 | 2,126 | 1,600 | 1,664 | 1,303 | 1,153 | 1,163 |
| Receivables | US$ in thousands | 8,368 | 0 | 1,193 | 759 | 172 | 18 | — | 30,000 | 30,000 | 30,000 | — | — | — | 74,767 | — | — | — | — | — | — |
| Receivables turnover | 59.94 | — | 217.23 | 266.38 | 1,161.49 | 10,974.89 | — | 7.96 | 6.29 | 4.96 | — | — | — | 0.06 | — | — | — | — | — | — |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $501,574K ÷ $8,368K
= 59.94
The receivables turnover ratio for Marathon Digital Holdings Inc has varied significantly over the periods provided. In general, a higher turnover ratio indicates that the company is able to collect its accounts receivable more efficiently.
Based on the data:
- The receivables turnover ratio was 59.94 for March 31, 2024, showing a strong ability to collect receivables in that period.
- There is missing data for December 31, 2023, but we see a substantial increase to 217.23 for September 30, 2023, suggesting an improvement in receivables management.
- The ratio jumped significantly to 1,161.49 on March 31, 2023, signaling an exceptional ability to collect receivables during that quarter.
However, there are also periods like December 31, 2022, where the turnover ratio was 10,974.89, indicating a fluctuation in the efficiency of receivables collection. This could be due to various factors such as business seasonality, changes in credit policies, or other operational challenges.
It's important to further analyze the reasons behind these fluctuations to understand the underlying dynamics impacting Marathon Digital Holdings Inc's receivables turnover performance over time.
Peer comparison
Mar 31, 2024