Marathon Petroleum Corp (MPC)

Total 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
Total assets	US$ in thousands	78,858,000	79,833,000	85,229,000	85,528,000	87,412,000	89,969,000	86,442,000	87,037,000	89,904,000	89,694,000	96,737,000	90,952,000	85,373,000	89,300,000	94,300,000	86,651,000	85,158,000	84,020,000	84,593,000	86,317,000
Total asset turnover		1.77	1.78	1.73	1.71	1.70	1.69	1.82	2.01	1.98	1.94	1.66	1.50	1.41	1.15	0.93	0.81	0.82	0.95	1.06	1.22

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $139,304,000K ÷ $78,858,000K
= 1.77

The total asset turnover ratio of Marathon Petroleum Corp has shown fluctuation over the periods provided in the data. The ratio measures the efficiency with which the company generates revenue from its total assets.

From March 31, 2020, to June 30, 2020, the total asset turnover decreased from 1.22 to 1.06, indicating a decline in revenue generated per dollar of assets. The ratio continued to decrease, reaching its lowest point of 0.81 by March 31, 2021, implying a decrease in asset efficiency during this period.

However, starting from June 30, 2021, there was a gradual increase in the total asset turnover ratio, reaching 1.98 by December 31, 2022. This upward trend indicates improved efficiency in generating revenue from the company's assets.

Subsequently, the total asset turnover ratio fluctuated around the range of 1.70 to 1.94 from March 31, 2023, to September 30, 2024. Overall, the trend suggests that Marathon Petroleum Corp has been able to enhance its asset efficiency over the periods analyzed, with the ratio generally showing an increasing trend from 2021 to 2022, followed by relative stability in the subsequent periods.