Marathon Petroleum Corp (MPC)

Return on assets (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
Net income (ttm)	US$ in thousands	9,681,000	11,551,000	12,748,000	16,395,000	14,516,000	11,969,000	8,186,000	10,825,000	9,738,000	9,249,000	7,669,000	-834,000	-9,826,000	-9,668,000	-7,687,000	-6,590,000	2,637,000	3,145,000	2,787,000	2,736,000
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
ROA		11.26%	12.84%	14.75%	18.84%	16.15%	13.34%	8.46%	11.90%	11.41%	10.36%	8.13%	-0.96%	-11.54%	-11.51%	-9.09%	-7.63%	2.68%	3.20%	2.88%	2.84%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $9,681,000K ÷ $85,987,000K
= 11.26%

Marathon Petroleum Corp's return on assets (ROA) has shown fluctuations over the past eight quarters. ROA decreased from 16.14% in Q4 2022 to 8.46% in Q2 2022, indicating lower profitability relative to the assets employed during that period. However, there was a significant improvement in Q1 2023, reaching 18.82%, suggesting the company generated higher profits relative to its assets. This trend continued in Q2 2023 and Q3 2023, with ROA increasing to 14.74% and 12.83% respectively. In Q4 2023, ROA stood at 11.25%, which is lower compared to the previous quarter but still above the levels seen in earlier periods. Overall, Marathon Petroleum Corp's ROA performance suggests varying levels of efficiency in utilizing its assets to generate profits over the analyzed quarters.