Marathon Petroleum (Marathon Petroleum) Change In Inventory

: $-489 Mil (TTM As of Dec. 2023)

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Marathon Petroleum's change in inventory for the quarter that ended in Dec. 2023 was $824 Mil. It means Marathon Petroleum's inventory declined by $824 Mil from Sep. 2023 to Dec. 2023 .

Marathon Petroleum's change in inventory for the fiscal year that ended in Dec. 2023 was $-489 Mil. It means Marathon Petroleum's inventory increased by $489 Mil from Dec. 2022 to Dec. 2023 .

Marathon Petroleum's Total Inventories for the quarter that ended in Dec. 2023 was $9,317 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marathon Petroleum's Days Inventory for the quarter that ended in Dec. 2023 was 26.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marathon Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.43.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marathon Petroleum's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Marathon Petroleum Change In Inventory Historical Data

The historical data trend for Marathon Petroleum's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-362.00

1,750.00

-33.00

-787.00

-489.00

Marathon Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																1,008.00	-1,441.00	733.00	-605.00	824.00

Marathon Petroleum Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-489 Mil.

Marathon Petroleum (NYSE:MPC) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marathon Petroleum's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9730	/	33410	*	365 / 4
	=	26.57

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Marathon Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33410	/	9730
	=	3.43

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marathon Petroleum's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9730	/	36255
	=	0.27

Marathon Petroleum Change In Inventory Related Terms

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Marathon Petroleum (Marathon Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (NYSE:MPC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MPC:Mexico MPN:Germany MPN:Germany M1PC34:Brazil MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Executives

Carl Kristopher Hagedorn	officer: Senior VP and Controller	C/O CONE MIDSTREAM PARTNERS LP, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Rucker Kim K.w.	director	KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Shawn M Lyon	officer: SVP Log & Storage, MPLX GP LLC	C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840
Gregory Scott Floerke	officer: Ex VP & COO, MPLX GP LLC	C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Timothy J Aydt	officer: Ex VP and CCO, MPLX GP LLC	C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840
Toni Townes-whitley	director	8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102
Michael J Hennigan	officer: President & CEO, MPLX GP LLC	3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Suzanne Gagle	officer: VP and General Counsel	C/O MPC, FINDLAY OH 45840
Thomas Kaczynski	officer: VP, Finance and Treasurer	C/O MARATHON PETROLEUM CORPORATION, FINDLAY OH 45840
Raymond L Brooks	officer: Sr. VP, Refining	C/O MPC, FINDLAY OH 45840
Charles E Bunch	director	PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian C Davis	officer: Exec VP, Chief Commercial Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Maryann T. Mannen	officer: Exec VP & Chief Fin Ofc	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Jonathan Z Cohen	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
James E Rohr	director	249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222