Marathon Petroleum Corp (MPC)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	24,404,000	25,862,000	25,714,000	26,858,000	27,715,000	26,304,000	26,306,000	23,972,000	26,206,000	28,280,000	28,921,000	21,592,000	22,199,000	22,453,000	23,741,000	24,088,000	33,694,000	33,738,000	34,207,000	33,951,000
ROE		39.67%	44.66%	49.58%	61.04%	52.38%	45.50%	31.12%	45.16%	37.16%	32.71%	26.52%	-3.86%	-44.26%	-43.06%	-32.38%	-27.36%	7.83%	9.32%	8.15%	8.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $9,681,000K ÷ $24,404,000K
= 39.67%

Over the past eight quarters, Marathon Petroleum Corp's Return on Equity (ROE) has shown fluctuations, ranging from a low of 31.10% in Q2 2022 to a high of 61.00% in Q1 2023. The ROE has generally been trending upwards, with a notable increase from Q4 2022 to Q1 2023. This suggests that the company has been effectively utilizing shareholder equity to generate profits and create value for its investors. The ROE numbers indicate that Marathon Petroleum Corp has been successful in efficiently managing its assets and liabilities to generate higher returns relative to the equity invested by shareholders. The overall trend in ROE reflects positively on the company's financial performance and management efficiency over the analyzed period.