Marathon Petroleum Corp (MPC)

Working capital 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 current assets	US$ in thousands	5,143,000	25,949,000	31,347,000	31,260,000	32,131,000	36,275,000	32,213,000	32,486,000	35,242,000	35,285,000	42,413,000	36,388,000	30,496,000	34,143,000	38,592,000	30,361,000	28,287,000	26,200,000	14,643,000	15,693,000
Total current liabilities	US$ in thousands	20,827,000	21,068,000	24,000,000	21,787,000	20,150,000	21,735,000	17,466,000	17,057,000	20,020,000	21,314,000	28,437,000	25,120,000	17,898,000	16,898,000	19,512,000	16,085,000	15,663,000	14,246,000	11,504,000	13,569,000
Working capital turnover		—	29.13	20.12	15.46	12.40	10.47	10.64	11.33	11.72	12.44	11.49	12.07	9.56	5.97	4.61	4.94	5.54	6.69	28.69	49.54

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $139,304,000K ÷ ($5,143,000K – $20,827,000K)
= —

The working capital turnover ratio for Marathon Petroleum Corp has shown fluctuations over the reporting periods. The ratio measures how efficiently the company utilizes its working capital to generate sales revenue.

In recent years, the working capital turnover ratio has decreased significantly, indicating a decline in the efficiency of the company's working capital management. From a high of 49.54 in March 2020, it dropped to 4.61 in June 2021, reflecting a substantial decrease in the company's ability to generate sales from its working capital.

Subsequently, there was a gradual improvement in the ratio, reaching 20.12 in June 2024. This uptrend suggests a better utilization of working capital to support sales activities.

Overall, the working capital turnover ratio for Marathon Petroleum Corp has shown volatility, but the recent trend indicates a potential recovery in the company's working capital efficiency. Monitoring this ratio in the future will be important to assess the company's ongoing operational effectiveness and financial performance.