Marathon Petroleum (BSP:M1PC34) Change In Inventory : R$2,307 Mil (TTM As of Mar. 2024)

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What is Marathon Petroleum Change In Inventory?

Marathon Petroleum's change in inventory for the quarter that ended in Mar. 2024 was R$-2,301 Mil. It means Marathon Petroleum's inventory increased by R$2,301 Mil from Dec. 2023 to Mar. 2024 .

Marathon Petroleum's change in inventory for the fiscal year that ended in Dec. 2023 was R$-2,396 Mil. It means Marathon Petroleum's inventory increased by R$2,396 Mil from Dec. 2022 to Dec. 2023 .

Marathon Petroleum's Total Inventories for the quarter that ended in Mar. 2024 was R$48,707 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 Mar. 2024 was 28.42.

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 Mar. 2024 was 3.21.

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 Mar. 2024 was 0.29.

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 Change In Inventory Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1,485.83

9,003.23

-186.61

-4,128.13

-2,396.00

Marathon Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-7,505.59	3,557.76	-2,987.91	4,037.44	-2,300.67

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,307 Mil.

Marathon Petroleum (BSP:M1PC34) 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
	=	47179.4305	/	151485.516	*	365 / 4
	=	28.42

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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	151485.516	/	47179.4305
	=	3.21

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47179.4305	/	162869.339
	=	0.29

Marathon Petroleum Change In Inventory Related Terms

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Marathon Petroleum (BSP:M1PC34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (BSP:M1PC34) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico MPN:Germany 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.

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