Marathon Petroleum Corp (MPC)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 14,514,000 | 16,858,000 | 18,791,000 | 23,814,000 | 21,469,000 | 18,508,000 | 13,162,000 | 5,799,000 | 4,300,000 | 2,912,000 | 515,000 | 125,000 | -12,247,000 | -12,079,000 | -9,342,000 | -8,219,000 | 4,462,000 | 5,921,000 | 5,644,000 | 5,657,000 |
| Total assets | US$ in thousands | 85,987,000 | 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 | 98,556,000 | 98,139,000 | 96,896,000 | 96,436,000 |
| Operating ROA | 16.88% | 18.74% | 21.74% | 27.36% | 23.88% | 20.63% | 13.61% | 6.38% | 5.04% | 3.26% | 0.55% | 0.14% | -14.38% | -14.38% | -11.04% | -9.52% | 4.53% | 6.03% | 5.82% | 5.87% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $14,514,000K ÷ $85,987,000K
= 16.88%
Marathon Petroleum Corp's operating return on assets (operating ROA) has fluctuated over the past eight quarters, ranging from a low of 5.82% in Q1 2022 to a high of 25.38% in Q1 2023. The company's performance improved significantly in Q1 2023 compared to the previous quarters, indicating efficiency in generating operating income relative to its total assets. However, the operating ROA experienced a slight decline in subsequent quarters, with Q4 2023 reporting a lower rate of 15.76%.
The trend in operating ROA suggests that Marathon Petroleum Corp may have experienced variations in operating efficiency and asset utilization during the period under review. A higher operating ROA generally indicates better operational performance and profitability. It is essential for the company to monitor and analyze the factors influencing these fluctuations to maintain and improve its financial performance in the future.
Peer comparison
Dec 31, 2023