Marathon Digital Holdings Inc (MARA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 220,911 | -673,543 | -12,663 | -9,818 | -4,239 |
| Total assets | US$ in thousands | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 | 6,620 |
| Operating ROA | 11.10% | -56.35% | -0.88% | -3.13% | -64.03% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $220,911K ÷ $1,990,970K
= 11.10%
Marathon Digital Holdings Inc's operating Return on Assets (ROA) has shown significant fluctuations over the past five years. In particular, the company experienced a notable improvement in its operating ROA from -56.35% in 2022 to 11.10% in 2023. This indicates a positive trend in the company's ability to generate operating income relative to its total assets in the most recent period.
However, it is worth noting that prior to 2023, Marathon Digital Holdings Inc struggled with negative operating ROA figures, with the lowest point being -64.03% in 2019. This suggests that the company faced challenges in efficiently utilizing its assets to generate operating income during those years.
Overall, the positive shift in operating ROA in 2023 demonstrates an improvement in the company's operational efficiency and profitability compared to previous years. Monitoring this ratio over time can provide insights into Marathon Digital Holdings Inc's effectiveness in managing its assets to generate operating income.
Peer comparison
Dec 31, 2023