Marathon Digital Holdings Inc (MARA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 541,253 | 236,129 | 360,528 | 551,225 | 332,751 | -283,379 | -355,451 | -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 |
| 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 |
| ROA | 7.96% | 6.60% | 11.57% | 18.64% | 16.71% | -20.48% | -25.88% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $541,253K ÷ $6,801,320K
= 7.96%
Marathon Digital Holdings Inc's return on assets (ROA) has exhibited significant fluctuations over the analyzed periods. The ROA started in negative territory, at -62.28% as of March 31, 2020, and remained negative through September 30, 2022. This signifies that during these periods, the company was not efficiently utilizing its assets to generate profits.
However, there was a notable improvement in ROA as of March 31, 2023, when it turned positive at 16.71%. This positive trend continued until the end of the analysis period on December 31, 2024, with ROA ranging from 6.60% to 18.64%. A positive ROA indicates that the company was able to generate profits from its assets during these quarters.
Overall, the analysis suggests that Marathon Digital Holdings Inc experienced a turnaround in its asset utilization efficiency, transitioning from a prolonged period of negative ROA to a consistently positive performance in later periods. This improvement could indicate better operational efficiency and financial health for the company during the latter part of the analyzed timeline.
Peer comparison
Dec 31, 2024