Marathon Digital Holdings Inc (MARA)
Total asset 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 |
| Total assets | US$ in thousands | 6,801,320 | 3,580,150 | 3,117,160 | 2,956,990 | 1,990,970 | 1,383,780 | 1,373,240 | 1,303,930 | 1,195,240 | 1,475,780 | 1,509,580 | 1,541,470 | 1,444,330 | 664,341 | 583,864 | 686,686 | 313,251 | 37,529 | 10,717 | 5,668 |
| Total asset turnover | 0.10 | 0.17 | 0.18 | 0.17 | 0.19 | 0.19 | 0.15 | 0.15 | 0.17 | 0.15 | 0.16 | 0.12 | 0.10 | 0.14 | 0.07 | 0.02 | 0.01 | 0.06 | 0.15 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $656,378K ÷ $6,801,320K
= 0.10
Total asset turnover for Marathon Digital Holdings Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially starting at 0.29 on March 31, 2020, the total asset turnover decreased significantly to 0.01 by December 31, 2020. This sharp decline indicates that the company's ability to generate revenue from its assets deteriorated during this period.
However, there was a slight improvement in total asset turnover to 0.02 by March 31, 2021, followed by further increases in subsequent quarters. The ratio peaked at 0.19 by March 31, 2024, indicating that Marathon Digital Holdings Inc became more efficient in generating sales from its total assets.
Overall, the trend suggests that the company's efficiency in utilizing its assets to generate revenue improved gradually after a period of decline. A total asset turnover ratio above 1 would indicate that the company generates more revenue per dollar of assets, which would be an optimal scenario for maximizing profitability.
Peer comparison
Dec 31, 2024