Marathon Petroleum Corp (MPC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,381,000 | 7,420,000 | 10,343,000 | 11,368,000 | 13,645,000 | 16,029,000 | 18,443,000 | 23,607,000 | 21,283,000 | 18,329,000 | 12,851,000 | 5,371,000 | 3,757,000 | 2,527,000 | 919,000 | 623,000 | -2,600,000 | -1,343,000 | 625,000 | 1,606,000 |
| 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 |
| Operating ROA | 8.09% | 9.29% | 12.14% | 13.29% | 15.61% | 17.82% | 21.34% | 27.12% | 23.67% | 20.44% | 13.28% | 5.91% | 4.40% | 2.83% | 0.97% | 0.72% | -3.05% | -1.60% | 0.74% | 1.86% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,381,000K ÷ $78,858,000K
= 8.09%
Marathon Petroleum Corp's operating return on assets (ROA) experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The trend shows an initial decline from 1.86% in March 2020 to -3.05% in December 2020, indicating a period of operational challenges for the company.
Subsequently, the operating ROA started to improve, with positive percentages recorded in the following quarters. Notably, the turnaround began in March 2021 with a modest 0.72% and steadily increased over the next quarters, reaching 27.12% by March 2023. This upwards trajectory suggests that the company implemented effective strategies to enhance operational efficiency and profitability during this period.
However, there was a slight decline in the operating ROA from the peak in March 2023 to 8.09% by December 31, 2024. This decrease may signal potential challenges or changes in the company's operations that impacted its ability to generate returns from its assets effectively.
Overall, the trend in Marathon Petroleum Corp's operating ROA demonstrates both resilience and responsiveness to internal and external factors affecting its operational performance during the period under review.
Peer comparison
Dec 31, 2024