Marathon Digital Holdings (MEX:MARA) ROCE % : 61.62% (As of Mar. 2024)

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What is Marathon Digital Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marathon Digital Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 61.62%.

Marathon Digital Holdings ROCE % Historical Data

The historical data trend for Marathon Digital Holdings's ROCE % 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 ROCE % Chart

Marathon Digital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-88.76

-6.59

-0.38

-52.54

17.45

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
ROCE %	Get a 7-Day Free Trial															38.52	-4.78	20.00	57.68	61.62

Marathon Digital Holdings ROCE % Calculation

Marathon Digital Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	4887.718	/	( ( (23302.477 - 509.138)	+	(33795.269 - 573.017) )	/ 2 )
	=	4887.718	/	( (22793.339	+	33222.252)	/ 2 )
	=	4887.718	/	28007.7955
	=	17.45 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	24992.632	/	( ( (33795.269 - 573.017)	+	(49074.91 - 1180.508) )	/ 2 )
	=	24992.632	/	( ( 33222.252	+	47894.402 )	/ 2 )
	=	24992.632	/	40558.327
	=	61.62 %

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

Marathon Digital Holdings (MEX:MARA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Marathon Digital Holdings ROCE % Related Terms

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Marathon Digital Holdings (MEX:MARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Marathon Digital Holdings Inc (MEX:MARA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MARA:USA 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.