Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Marathon Petroleum's Revenue for the
three
months ended in Mar. 2026 was MXN616,718 Mil. Marathon Petroleum's Total Assets for the quarter that ended in Mar. 2026 was MXN1,550,959 Mil. Therefore, Marathon Petroleum's Asset Turnover for the quarter that ended in Mar. 2026 was 0.40.
Asset Turnover is linked to ROE % through Du Pont Formula. Marathon Petroleum's annualizedROE % for the quarter that ended in Mar. 2026 was 12.01%. It is also linked to ROA % through Du Pont Formula. Marathon Petroleum's annualizedROA % for the quarter that ended in Mar. 2026 was 2.38%.
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Marathon Petroleum's annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Marathon Petroleum Asset Turnover Related Terms
Marathon Petroleum Asset Turnover Historical Data
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The historical data trend for Marathon Petroleum's Asset Turnover 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.
MEX:MPC vs VLO, PSX, DINO: Asset Turnover Comparison
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Marathon Petroleum Asset Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's Asset Turnover falls into.
* 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Marathon Petroleum (MEX:MPC) has a Asset Turnover of 0.40 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Marathon Petroleum and its competitors.
Is Marathon Petroleum's Asset Turnover too high?
Marathon Petroleum's current Asset Turnover is 0.40. Overall, Marathon Petroleum has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's Asset Turnover compare to VLO and PSX?
Marathon Petroleum's Asset Turnover of 0.40 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Oil & Gas company?
A good Asset Turnover depends on the Oil & Gas industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Marathon Petroleum and its competitors. Marathon Petroleum's current Asset Turnover is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marathon Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Marathon Petroleum (MEX:MPC) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN3,663.33, compared to a current price of MXN4,496.00 — trading 22.7% above its estimated fair value. The current Asset Turnover is 0.40. Marathon Petroleum's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Marathon Petroleum (MEX:MPC), the current Asset Turnover is 0.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Marathon Petroleum (MEX:MPC) Overvalued in 2026?
Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued.
The current stock price of MXN4,496.00 is trading 22.7% above its estimated GF Value™ of MXN3,663.33.
GuruFocus considers Marathon Petroleum to be Modestly Overvalued.
Key valuation signals for MEX:MPC:
Asset Turnover: 0.40
GF Value™: MXN3,663.33 vs. price of MXN4,496.00 (22.7% above fair value)
No single metric tells the full story. See the MEX:MPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.
64GF Score
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