Marathon Petroleum Corp (MPC)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	3,445,000	9,681,000	14,516,000	1,288,000	-11,032,000
Total assets	US$ in thousands	78,858,000	85,987,000	89,904,000	85,373,000	85,158,000
ROA		4.37%	11.26%	16.15%	1.51%	-12.95%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $3,445,000K ÷ $78,858,000K
= 4.37%

Marathon Petroleum Corp's return on assets (ROA) has shown significant fluctuations over the past five years. In December 2020, the ROA was negative at -12.95%, indicating that the company generated a loss relative to its assets. However, by December 2021, the ROA had improved to 1.51%, suggesting a positive return on assets.

The trend continued to improve in the following years, with the ROA reaching 16.15% in December 2022 and 11.26% in December 2023. These figures indicate that Marathon Petroleum Corp was able to generate a substantial return on its assets during these periods.

However, there was a slight decline in the ROA to 4.37% by December 2024. While still positive, this decrease may prompt further analysis to understand the factors contributing to this change.

Overall, Marathon Petroleum Corp's ROA has shown both positive and negative performances over the past five years, with fluctuations that may warrant a closer examination of the company's asset utilization and profitability trends.