Marathon Petroleum Corp (MPC)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	139,304,000	142,172,000	147,831,000	146,457,000	148,615,000	152,199,000	156,954,000	174,807,000	178,327,000	173,847,000	160,551,000	136,047,000	120,451,000	103,033,000	87,972,000	70,457,000	69,896,000	79,918,000	90,070,000	105,214,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	36,000,000	36,347,000	36,660,000	36,871,000	36,584,000	38,338,000	38,476,000	38,812,000	37,630,000	39,496,000	38,491,000	39,035,000	39,757,000	45,025,000	45,333,000
Fixed asset turnover		—	—	—	—	—	4.23	4.32	4.77	4.84	4.75	4.19	3.54	3.10	2.74	2.23	1.83	1.79	2.01	2.00	2.32

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $139,304,000K ÷ $—K
= —

The fixed asset turnover ratio for Marathon Petroleum Corp has exhibited a fluctuating trend over the past few years. From March 31, 2020, to June 30, 2022, the ratio increased steadily from 2.32 to 4.19, indicating an improvement in the efficiency of utilizing fixed assets to generate revenue.

However, from September 30, 2022, to March 31, 2024, the fixed asset turnover ratio remained relatively stable, ranging between 4.75 and 4.23. This stability could suggest that the company has maintained a consistent level of productivity in terms of generating sales from its fixed assets.

Notably, the absence of data for the latter half of 2024 indicates a lack of information to assess the most recent performance of the fixed asset turnover ratio. It would be important to monitor future financial reports to understand any potential changes in Marathon Petroleum Corp's efficiency in utilizing fixed assets for revenue generation.