Marathon Digital Holdings Inc (MARA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | -74.86% | -119.45% | -11.87% | -61.46% | -90.48% |
| Operating profit margin | 57.01% | -572.00% | -8.50% | -226.43% | -325.33% |
| Pretax margin | 71.64% | -601.75% | -9.75% | -240.91% | -269.92% |
| Net profit margin | 67.40% | -589.39% | -24.91% | -240.96% | -269.92% |
Marathon Digital Holdings Inc has shown significant fluctuations in its profitability ratios over the past five years. The gross profit margin has also been inconsistent, ranging from negative values to a low positive level over this period. The operating profit margin reveals a notable improvement in 2023 compared to the negative values in previous years. The company's pretax margin has also demonstrated a positive trend in 2023, contrasting with negative margins in earlier years. However, the net profit margin still remains negative historically, but there is a substantial improvement in 2023 compared to the previous years. Overall, Marathon Digital Holdings Inc has shown signs of progress in terms of profitability in the most recent financial year, but historical data indicates a fluctuating and challenging performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 11.10% | -56.35% | -0.88% | -3.13% | -64.03% |
| Return on assets (ROA) | 13.12% | -58.07% | -2.57% | -3.34% | -53.13% |
| Return on total capital | 14.83% | -59.38% | -0.92% | -3.34% | -91.22% |
| Return on equity (ROE) | 16.16% | -179.83% | -5.44% | -3.35% | -96.41% |
Marathon Digital Holdings Inc's profitability ratios show a mixed performance over the past five years.
1. Operating return on assets (Operating ROA) improved significantly in 2023 to 11.10% from negative figures in the previous years, indicating better operational efficiency in generating profit from its assets.
2. Return on assets (ROA) also saw an improvement in 2023 to 13.12%, turning positive after being negative in previous years. This suggests that the company is utilizing its assets more effectively to generate profitability.
3. Return on total capital increased to 14.83% in 2023, showing a positive trend from negative figures in the past years. This indicates that the company is generating better returns on its total capital employed in the business.
4. Return on equity (ROE) significantly improved to 16.16% in 2023 from very negative values in the previous years, reflecting a more favorable return for the shareholders' equity invested in the company.
Overall, Marathon Digital Holdings Inc's profitability ratios have shown positive improvements in 2023 compared to the negative or low figures from the previous years, signaling enhanced profitability and efficiency in utilizing assets and capital. These improvements may indicate better management of the company's resources and potential for increased shareholder value.