Marathon Digital Holdings (Marathon Digital Holdings) Days Payable : 8.30 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Marathon Digital Holdings Days Payable?

Marathon Digital Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $13.3 Mil. Marathon Digital Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $146.1 Mil. Hence, Marathon Digital Holdings's Days Payable for the three months ended in Dec. 2023 was 8.30.

The historical rank and industry rank for Marathon Digital Holdings's Days Payable or its related term are showing as below:

MARA' s Days Payable Range Over the Past 10 Years
Min: 5.73 Med: 48.42 Max: 114.06
Current: 6.93

During the past 13 years, Marathon Digital Holdings's highest Days Payable was 114.06. The lowest was 5.73. And the median was 48.42.

MARA's Days Payable is ranked worse than
88.17% of 524 companies
in the Capital Markets industry
Industry Median: 96.58 vs MARA: 6.93

Marathon Digital Holdings's Days Payable declined from Dec. 2022 (21.33) to Dec. 2023 (8.30). It may suggest that Marathon Digital Holdings accelerated paying its suppliers.

Marathon Digital Holdings Days Payable Historical Data

The historical data trend for Marathon Digital Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marathon Digital Holdings Days Payable Chart

Marathon Digital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

114.06

59.07

37.76

10.95

5.73

Marathon Digital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.33	4.06	5.12	9.02	8.30

Competitive Comparison of Marathon Digital Holdings's Days Payable

For the Capital Markets subindustry, Marathon Digital Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marathon Digital Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marathon Digital Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Marathon Digital Holdings's Days Payable falls into.

Marathon Digital Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Marathon Digital Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.312	+	11.343)	/	2 )	/	402.851	*	365
=	6.3275					/	402.851	*	365
=	5.73

Marathon Digital Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.219	+	11.343)	/	2 )	/	146.068	*	365 / 4
=	13.281					/	146.068	*	365 / 4
=	8.30

Marathon Digital Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Marathon Digital Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Marathon Digital Holdings (Marathon Digital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Marathon Digital Holdings Inc (NAS:MARA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MARA:Mexico M44A:Germany M44:Germany

Address

101 NE Third Avenue, Suite 1200, Fort Lauderdale, FL, USA, 33301

Website

http://www.mara.com

Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.

Executives

Ashu Swami	officer: Chief Technical Officer	MARATHON DIGITAL,, 101 NE 3RD AVE, STE 1200, FORT LAUDERDALE FL 33301
Said Ouissal	director	VIOLIN MEMORY, INC., 4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Salman Hassan Khan	officer: CFO	25651 BIRCHLEAF CT, VALENCIA CA 91381
Douglas K Mellinger	director	PRT GROUP INC, 342 MADISON AVE 11TH FL, NEW YORK NY 10173
Frederick G Thiel	director	7555 IRVINE CENTER DRIVE, IRVINE CA 92618
Kevin A Denuccio	director	300 HOLGER WAY, SAN JOSE CA 95134
Merrick D Okamoto	director	1180 NORTH TOWN CENTER DRIVE, SUITE 100,, LAS VEGAS NV 89144
Jay P Leupp	director	16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Georges Antoun	director	C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
Sarita M. James	director	200 CHAMBERS ST, 22D, NEW YORK NY 10007
Simeon Salzman	officer: CHIEF FINANCIAL OFFICER	1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Peter Benz	director	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Michael Carroll Berg	director	1881 CARIGNAN WAY, YOUNTVILLE CA 94599
James Crawford	officer: CHIEF OPERATING OFFICER	4215 324TH AVE. SE, FALL CITY WA 98024
Michael Rudolph	director	1325 HOWARD AVE, PMB 422, BURLINGAME CA 94010