Marathon Digital Holdings Inc (MARA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 306,111 | 221,725 | 313,788 | 540,118 | 292,490 | 35,438 | 71,573 | -120,511 | -262,803 | -227,100 | -205,511 | -117,646 | -144,485 | -184,718 | -164,276 | -55,781 | -9,818 | -6,583 | -5,397 | -4,347 |
| 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 |
| Operating ROA | 4.50% | 6.19% | 10.07% | 18.27% | 14.69% | 2.56% | 5.21% | -9.24% | -21.99% | -15.39% | -13.61% | -7.63% | -10.00% | -27.80% | -28.14% | -8.12% | -3.13% | -17.54% | -50.36% | -76.69% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $306,111K ÷ $6,801,320K
= 4.50%
The operating return on assets (ROA) for Marathon Digital Holdings Inc displayed a volatile trend over the specified period. Initially, the company showed negative operating ROA figures, indicating inefficiency in generating operating profits relative to its assets.
However, there was a gradual improvement in the operating ROA from March 31, 2023, onwards. The company managed to turn a negative trend into positive figures, demonstrating a better ability to generate profits from its assets.
Specifically, by December 31, 2024, Marathon Digital Holdings Inc achieved an operating ROA of 4.50%, indicating a positive trend in asset utilization and operational efficiency. This upward momentum suggested that the company had become more effective in converting its assets into operating profits.
Overall, the analysis indicates a positive shift in Marathon Digital Holdings Inc's operational performance regarding asset utilization and profitability, as evidenced by the improving operating ROA figures in the latter part of the data period.
Peer comparison
Dec 31, 2024