Marathon Petroleum Corp (MPC)
Total 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 |
| Total assets | US$ in thousands | 78,858,000 | 85,987,000 | 89,904,000 | 85,373,000 | 85,158,000 |
| Total asset turnover | 1.78 | 1.74 | 1.98 | 1.41 | 0.82 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $140,412,000K ÷ $78,858,000K
= 1.78
Based on the provided data, Marathon Petroleum Corp's total asset turnover has shown a significant improvement over the years. The ratio increased from 0.82 in December 31, 2020, to 1.41 in December 31, 2021, reflecting a better utilization of assets to generate revenue. This trend continued with further improvements to 1.98 by December 31, 2022, indicating that the company became more efficient in generating sales relative to its total assets.
However, there was a slight decrease in total asset turnover to 1.74 by December 31, 2023, followed by a modest increase to 1.78 by December 31, 2024. Despite the fluctuations, the overall trend still shows an upward trajectory, implying that Marathon Petroleum Corp has been effectively managing its assets to drive sales.
This increase in total asset turnover suggests that the company is deploying its assets more efficiently to generate revenue, which can be a positive indicator of operational efficiency and effective asset management strategies. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's ongoing performance and ability to maximize returns on its asset base.
Peer comparison
Dec 31, 2024