Marathon Digital Holdings Inc (MARA)
Total asset 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 |
| Total assets | US$ in thousands | 6,801,320 | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 |
| Total asset turnover | 0.10 | 0.19 | 0.10 | 0.10 | 0.01 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $656,378K ÷ $6,801,320K
= 0.10
Based on the provided data, Marathon Digital Holdings Inc's total asset turnover has shown a significant improvement over the years. The total asset turnover ratio measures a company's ability to generate sales from its total assets. In this case, the ratio has increased from 0.01 in December 31, 2020, to 0.10 in December 31, 2021, and has remained consistent at 0.10 in December 31, 2022.
Subsequently, there was a notable spike in the total asset turnover ratio to 0.19 by December 31, 2023, indicating that the company is utilizing its assets more efficiently to generate revenue. However, the ratio reverted back to 0.10 by December 31, 2024.
Overall, the trend suggests that Marathon Digital Holdings Inc has been improving its efficiency in utilizing its assets to generate sales, with a peak in 2023. It is important for the company to continue monitoring and improving this ratio to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2024