Marathon Digital Holdings Inc (MARA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 605,581 | 387,107 | -229,023 | -365,622 | -559,115 | -694,923 | -291,593 | -241,304 | -137,563 | -37,097 | -52,935 | -32,756 | 73,968 | -10,447 | -6,365 | -5,125 | -3,530 | -3,517 | -6,759 | -7,345 |
| 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 |
| ROA | 20.48% | 19.44% | -16.55% | -26.62% | -42.88% | -58.14% | -19.76% | -15.98% | -8.92% | -2.57% | -7.97% | -5.61% | 10.77% | -3.34% | -16.96% | -47.82% | -62.28% | -53.13% | -88.01% | -177.29% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $605,581K ÷ $2,956,990K
= 20.48%
Marathon Digital Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past few quarters. The ROA was negative in several quarters, indicating that the company's assets were not generating sufficient returns to cover its expenses. However, there was a notable improvement in the most recent quarter, with the ROA reaching 20.48%. This suggests that the company was able to generate a higher level of profit relative to its total assets in that period. Overall, the company seems to be working on enhancing its asset efficiency and profitability, as evidenced by the varying ROA figures in the provided time frame.
Peer comparison
Mar 31, 2024