Marathon Digital Holdings Inc (MARA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 261,173 | -694,022 | -37,096 | -10,448 | -3,517 |
| Total assets | US$ in thousands | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 | 6,620 |
| ROA | 13.12% | -58.07% | -2.57% | -3.34% | -53.13% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $261,173K ÷ $1,990,970K
= 13.12%
Marathon Digital Holdings Inc's Return on Assets (ROA) has shown significant fluctuations over the past five years. In 2023, the ROA stood at 13.12%, indicating that the company generated a return of 13.12% on its total assets for that year. This represents a substantial improvement compared to the negative ROA figures recorded in 2022 and 2019, which were -58.07% and -53.13% respectively.
The negative ROA figures in 2022 and 2019 suggest that the company experienced challenges in utilizing its assets efficiently to generate profits during those years. However, there was a notable turnaround in 2023, with the positive ROA indicating improved asset utilization and profitability.
It is essential for Marathon Digital Holdings Inc to continue monitoring and managing its assets effectively to sustain positive ROA figures and drive overall financial performance and shareholder value in the long term.
Peer comparison
Dec 31, 2023