Marathon Digital Holdings Inc (MARA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 387,508 | 117,753 | 148,894 | 4,336 | 1,303 |
| Total assets | US$ in thousands | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 | 6,620 |
| Total asset turnover | 0.19 | 0.10 | 0.10 | 0.01 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $387,508K ÷ $1,990,970K
= 0.19
Marathon Digital Holdings Inc's total asset turnover ratio has exhibited significant fluctuations over the past five years. In 2023, the total asset turnover ratio improved to 0.19 from 0.10 in 2022 and 2021. This suggests that the company generated $0.19 in revenue for every dollar of assets in 2023, indicating more efficient asset utilization compared to the prior two years. However, the total asset turnover was considerably lower in 2020 at 0.01, indicating an inefficient use of assets to generate sales. The ratio rebounded to 0.20 in 2019, showcasing a relatively strong performance in asset turnover that year. Overall, while there has been variability in the total asset turnover ratio, the recent improvement in 2023 signals enhanced efficiency in utilizing assets to generate revenue.
Peer comparison
Dec 31, 2023