Marathon Oil Corporation (MRO)

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	1,554,000	1,682,000	2,046,000	2,725,000	3,612,000	3,736,000	3,103,000	2,153,000	946,000	-41,000	-542,000	-1,308,000	-1,451,000	-1,133,000	-651,000	260,000	480,000	890,000	979,000	914,000
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
ROA		7.94%	8.44%	10.27%	13.62%	18.11%	20.92%	16.97%	11.97%	5.57%	-0.24%	-3.04%	-7.17%	-8.08%	-6.07%	-3.51%	1.32%	2.37%	4.37%	4.60%	4.27%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,554,000K ÷ $19,575,000K
= 7.94%

Marathon Oil Corporation's return on assets (ROA) has shown a declining trend over the past eight quarters, starting from a high of 20.92% in Q3 2022 and gradually decreasing to 7.94% in Q4 2023. This indicates that the company's ability to generate profits from its assets has decreased over time.

The decreasing ROA may be attributed to various factors such as increased operating expenses, lower revenue generation, or inefficient asset utilization. It is essential for Marathon Oil Corporation to closely monitor and address the factors affecting their ROA to improve overall financial performance and efficiency in utilizing their assets.