Marathon Digital Holdings Inc (MARA)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 6,620 | 7,680 | 4,143 |
| Total asset turnover | 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 | 0.20 | 0.15 | 0.28 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $501,574K ÷ $2,956,990K
= 0.17
Total asset turnover measures a company's efficiency in generating revenue from its assets. For Marathon Digital Holdings Inc, the total asset turnover ratio has fluctuated over the past few quarters.
In the most recent quarter, the total asset turnover was 0.17, indicating that the company generated $0.17 in revenue for every $1 of assets it held. This suggests a moderate level of efficiency in asset utilization.
Looking at historical data, there seems to be variability in the ratio over time. The company experienced a peak in total asset turnover in the fourth quarter of 2019 at 0.29, followed by a significant drop in the first quarter of 2020 to 0.15. Subsequently, there was a gradual increase in the ratio, reaching 0.19 in the fourth quarter of 2023 before declining to its current level.
Overall, the trend in total asset turnover for Marathon Digital Holdings Inc shows fluctuations, possibly reflecting changes in the company's revenue generation efficiency and asset management strategies. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance and financial health.
Peer comparison
Mar 31, 2024