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Marathon Digital Holdings (Marathon Digital Holdings) EBIT : $667.8 Mil (TTM As of Mar. 2024)


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What is Marathon Digital Holdings EBIT?

Marathon Digital Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $376.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $667.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marathon Digital Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -14.10%. Marathon Digital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 90.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marathon Digital Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.43%.


Marathon Digital Holdings EBIT Historical Data

The historical data trend for Marathon Digital Holdings's EBIT 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 EBIT Chart

Marathon Digital Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.47 -10.43 -3.28 -703.27 287.95

Marathon Digital Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 122.53 -16.09 66.75 240.69 376.48

Competitive Comparison of Marathon Digital Holdings's EBIT

For the Capital Markets subindustry, Marathon Digital Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marathon Digital Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Marathon Digital Holdings's EV-to-EBIT falls into.



Marathon Digital Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $667.8 Mil.

* 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.


Marathon Digital Holdings  (NAS:MARA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Marathon Digital Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-327.016 * ( 1 - 10.14% )/( (1600.026 + 2567.203)/ 2 )
=-293.8565776/2083.6145
=-14.10 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1990.973 - 33.634 - ( 357.313 - max(0, 33.758 - 1029.803+357.313))
=1600.026

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2956.987 - 65.516 - ( 324.268 - max(0, 71.131 - 1640.76+324.268))
=2567.203

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Marathon Digital Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1505.92/( ( (671.973 + max(636.765, 0)) + (759.182 + max(1246.713, 0)) )/ 2 )
=1505.92/( ( 1308.738 + 2005.895 )/ 2 )
=1505.92/1657.3165
=90.86 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 670.399) - (33.634 + 0 + 0)
=636.765

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.368 + 0 + 1308.124) - (65.516 + 0 + 4.263)
=1246.713

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Marathon Digital Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=667.829/5843.841
=11.43 %

* 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.


Marathon Digital Holdings EBIT Related Terms

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Marathon Digital Holdings (Marathon Digital Holdings) Business Description

Traded in Other Exchanges
Address
101 NE Third Avenue, Suite 1200, Fort Lauderdale, FL, USA, 33301
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