Marathon Petroleum Corp (MPC)

Return on assets (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
Net income (ttm)	US$ in thousands	3,445,000	4,525,000	7,183,000	7,894,000	9,681,000	11,551,000	12,746,000	16,390,000	14,511,000	11,964,000	8,183,000	2,611,000	1,290,000	476,000	-1,475,000	-1,956,000	-11,032,000	-10,734,000	-8,636,000	-7,715,000
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
ROA		4.37%	5.67%	8.43%	9.23%	11.08%	12.84%	14.75%	18.83%	16.14%	13.34%	8.46%	2.87%	1.51%	0.53%	-1.56%	-2.26%	-12.95%	-12.78%	-10.21%	-8.94%

December 31, 2024 calculation

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

Marathon Petroleum Corp's return on assets (ROA) has shown fluctuating trends over the analyzed periods. The ROA started at a negative value in March 2020 and continued to decline until reaching its lowest point in December 2020. After that, there was a gradual improvement in ROA, with the percentage turning positive in September 2021. Subsequently, there was a consistent increase in ROA, reaching its peak at 18.83% in March 2023. However, the ROA experienced a slight decline in the following periods but remained positive. Overall, the company's ROA exhibited a volatile pattern initially but showed a positive trend towards the later years of the analyzed period, indicating an improvement in utilizing its assets to generate profits.