Marathon Digital Holdings (Marathon Digital Holdings) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Marathon Digital Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Marathon Digital Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $146.1 Mil. Marathon Digital Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marathon Digital Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marathon Digital Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Marathon Digital Holdings Inventory Turnover Historical Data

The historical data trend for Marathon Digital Holdings's Inventory Turnover 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.

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Marathon Digital Holdings Inventory Turnover Chart

Marathon Digital Holdings Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Inventory Turnover

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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
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Marathon Digital Holdings Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	402.851	/ (	(0	+	0)	/	1 )
=	402.851	/	0
=	N/A

Marathon Digital Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	146.068	/ (	(0	+	0)	/	1 )
=	146.068	/	0
=	N/A

Marathon Digital Holdings (NAS:MARA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marathon Digital Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	146.068	*	365 / 4
	=	0.00

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marathon Digital Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	156.768
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Marathon Digital Holdings Inventory Turnover Related Terms

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Marathon Digital Holdings (Marathon Digital Holdings) Business Description

Industry

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

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