Marathon Digital Holdings Inc (MARA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,476,890 | 1,615,920 | 1,019,950 | 594,496 | 545,869 | 385,941 | 625,102 | 659,448 | 776,394 | 682,100 | 660,416 | 580,519 | 683,723 | 311,745 | 36,287 | 9,658 | 3,170 | 3,648 | 3,489 | 1,723 |
| ROE | 24.45% | 23.96% | -22.45% | -61.50% | -102.43% | -180.06% | -46.65% | -36.59% | -17.72% | -5.44% | -8.02% | -5.64% | 10.82% | -3.35% | -17.54% | -53.06% | -111.36% | -96.41% | -193.72% | -426.29% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $605,581K ÷ $2,476,890K
= 24.45%
The return on equity (ROE) for Marathon Digital Holdings Inc fluctuated significantly over the period provided. The ROE was positive in some quarters, reaching a high of 24.45% in March 2024 and 23.96% in December 2023. However, the company also experienced negative ROE figures, indicating periods of financial underperformance. The lowest ROE was recorded at -426.29% in December 2019.
The negative ROE figures suggest that the company's net income may not have been sufficient to cover the shareholders' equity, potentially indicating operational challenges or financial stress during those periods. Investors and analysts may need to further investigate the reasons behind the negative ROE and assess the company's profitability, financial health, and efficiency in utilizing shareholder equity.
Overall, the fluctuating ROE of Marathon Digital Holdings Inc indicates varying levels of financial performance and efficiency in generating profits from the shareholders' equity over the analyzed period.
Peer comparison
Mar 31, 2024