Marathon Petroleum Corp (MPC)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 14,514,000 | 21,469,000 | 4,300,000 | -12,247,000 | 4,462,000 |
| Total assets | US$ in thousands | 85,987,000 | 89,904,000 | 85,373,000 | 85,158,000 | 98,556,000 |
| Operating ROA | 16.88% | 23.88% | 5.04% | -14.38% | 4.53% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $14,514,000K ÷ $85,987,000K
= 16.88%
The operating return on assets (Operating ROA) for Marathon Petroleum Corp has displayed fluctuations over the past five years. In 2023, the Operating ROA stood at 15.76%, showing a decrease from the previous year where it was at 21.97%. Despite this decline, it remains relatively healthy compared to the negative performance in 2020 (-3.04%) and the moderate performance in 2021 (4.48%). The company experienced a significant improvement in 2019 with an Operating ROA of 6.16%.
Overall, the Operating ROA trend indicates a mix of positive and negative performances with 2022 being a particularly robust year, while 2020 marked a challenging period for the company. It is essential for Marathon Petroleum Corp to closely monitor its operational efficiency and asset utilization to sustain or improve its Operating ROA in the future.
Peer comparison
Dec 31, 2023