Marathon Petroleum Corp (MPC)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	140,412,000	149,348,000	178,236,000	120,451,000	69,896,000
Property, plant and equipment	US$ in thousands	—	—	36,871,000	38,812,000	39,035,000
Fixed asset turnover		—	—	4.83	3.10	1.79

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $140,412,000K ÷ $—K
= —

The fixed asset turnover ratio for Marathon Petroleum Corp has shown a significant increase over the years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets.

Starting at a ratio of 1.79 in December 2020, the ratio increased to 3.10 by December 31, 2021, and further rose to 4.83 by December 31, 2022. This upward trend signifies that the company has been able to generate more sales relative to its investment in fixed assets, reflecting operational efficiency and potentially better utilization of its fixed assets.

However, it is worth noting that there is missing data for December 31, 2023 and December 31, 2024, denoted by "—". This missing information may hinder a comprehensive assessment of the company's fixed asset turnover for those years.

In summary, the progressive increase in Marathon Petroleum Corp's fixed asset turnover ratio up to December 31, 2022 suggests a positive trend in the company's ability to leverage its fixed assets effectively to drive sales. Nonetheless, a complete analysis would require data for the missing years to assess the sustainability of this trend.