Marathon Digital Holdings Inc (MARA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 656,378 | 598,752 | 564,954 | 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 |
| Receivables | US$ in thousands | -2,255 | 2,792 | 18,743 | 8,368 | 0 | 1,193 | 759 | 172 | 18 | — | 30,000 | 30,000 | 30,000 | — | — | — | 74,767 | — | — | — |
| Receivables turnover | — | 214.45 | 30.14 | 59.94 | — | 217.23 | 266.38 | 1,161.49 | 10,974.89 | — | 7.96 | 6.29 | 4.96 | — | — | — | 0.06 | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $656,378K ÷ $-2,255K
= —
The receivables turnover ratio indicates how efficiently Marathon Digital Holdings Inc collects its accounts receivable during a given period. A higher turnover ratio implies a shorter time taken to collect outstanding payments.
Analyzing the data provided, the receivables turnover for Marathon Digital Holdings Inc has varied significantly over the past few quarters. In December 2021, the turnover ratio was 4.96, indicating an improvement in collections efficiency. This ratio further increased to 6.29 in March 2022 and continued to rise to 7.96 by June 2022.
However, in the subsequent quarters, there was a significant spike in the receivables turnover ratio, reaching a remarkably high value of 10,974.89 in December 2022. This extraordinary figure may be a result of specific factors like a significant reduction in accounts receivable balances or an anomaly in the financial data.
In the following quarters, the turnover ratio sharply declined, dropping to 59.94 in March 2024 and further decreasing to 30.14 in June 2024. This sudden decrease may indicate potential issues in the collection process or changes in the company's credit policies.
Overall, Marathon Digital Holdings Inc's receivables turnover ratio has shown considerable fluctuations, highlighting the importance of monitoring and analyzing this metric to assess the company's efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2024