Marathon Digital Holdings Inc (MARA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 540,117 | 292,489 | 35,437 | 71,572 | -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 | -4,240 | -6,949 | -7,636 |
| 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 |
| Operating ROA | 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% | -64.05% | -90.48% | -184.31% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $540,117K ÷ $2,956,990K
= 18.27%
Operating return on assets (ROA) is a key financial metric that indicates the efficiency of a company in utilizing its assets to generate operating income. In the case of Marathon Digital Holdings Inc, the trend in operating ROA over the past few quarters has been volatile.
The operating ROA for Marathon Digital Holdings Inc increased from -9.24% in March 2023 to 18.27% in March 2024, reflecting a significant improvement in the company's ability to generate operating income from its assets during that period.
However, it is important to note that the operating ROA has fluctuated over the other quarters, with negative values recorded in some instances. This suggests that the company's operating performance and asset utilization have been inconsistent over the analyzed period.
Overall, the improvement in operating ROA from negative values to a positive figure indicates a positive trend in the company's operational efficiency and profitability. Investors and stakeholders should continue to monitor this metric to assess Marathon Digital Holdings Inc's ability to sustain and further improve its operating performance in the future.
Peer comparison
Mar 31, 2024