Marathon Digital Holdings Inc (MARA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 306,111 | 220,911 | -673,543 | -12,663 | -9,818 |
| Total assets | US$ in thousands | 6,801,320 | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 |
| Operating ROA | 4.50% | 11.10% | -56.35% | -0.88% | -3.13% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $306,111K ÷ $6,801,320K
= 4.50%
The operating return on assets (operating ROA) for Marathon Digital Holdings Inc has been fluctuating over the years based on the provided data.
- As of December 31, 2020, the operating ROA was -3.13%, indicating that the company's operating income was negative relative to its assets, which is a concerning sign.
- By the end of December 31, 2021, the operating ROA improved slightly to -0.88%, but it still remained negative.
- The operating ROA significantly declined to -56.35% as of December 31, 2022, indicating a substantial decrease in operating income relative to its assets, which may raise red flags regarding the company's operational efficiency.
- However, by December 31, 2023, there was a notable turnaround as the operating ROA improved to 11.10%, signaling a positive operating income generated per dollar of assets.
- As of the most recent data point, December 31, 2024, the operating ROA further increased to 4.50%, maintaining a positive trend in generating operating income relative to the company's assets.
Overall, Marathon Digital Holdings Inc has shown varying performance in terms of its operating return on assets, with a significant improvement in recent years after facing challenges in the past. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024