Marathon Oil Corporation (MRO)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	6,697,000	6,739,000	7,173,000	7,963,000	8,036,000	8,103,000	7,309,000	6,149,000	5,467,000	4,497,000	3,798,000	2,927,000	3,086,000	3,471,000	4,062,000	5,223,000	5,190,000	5,740,000	6,062,000	6,046,000
Total assets	US$ in thousands	19,575,000	19,919,000	19,919,000	20,012,000	19,940,000	17,858,000	18,286,000	17,981,000	16,994,000	17,161,000	17,800,000	18,233,000	17,956,000	18,663,000	18,567,000	19,715,000	20,245,000	20,373,000	21,282,000	21,410,000
Total asset turnover		0.34	0.34	0.36	0.40	0.40	0.45	0.40	0.34	0.32	0.26	0.21	0.16	0.17	0.19	0.22	0.26	0.26	0.28	0.28	0.28

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,697,000K ÷ $19,575,000K
= 0.34

Marathon Oil Corporation's total asset turnover has exhibited some fluctuations in recent quarters. The company's total asset turnover ratio, which measures its efficiency in generating sales from its total assets, ranged between 0.32 to 0.43 over the past eight quarters.

In the latest quarter (Q4 2023), the total asset turnover was 0.33, slightly lower compared to the previous quarter. This may indicate a decreased ability to generate sales from its total assets during this period.

It is noteworthy that the total asset turnover ratio has generally been on a downward trend since Q4 2022, when it was at its highest point of 0.43. This suggests that Marathon Oil Corporation may be experiencing challenges in efficiently utilizing its total assets to generate revenue.

Overall, the company's total asset turnover has shown variability over the past quarters, and investors may want to closely monitor future trends in this ratio to assess its operational efficiency and financial performance.