Marathon Petroleum (BSP:M1PC34) Total Current Assets : R$155,669 Mil (As of Mar. 2024)

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What is Marathon Petroleum Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Marathon Petroleum's total current assets for the quarter that ended in Mar. 2024 was R$155,669 Mil.

Marathon Petroleum Total Current Assets Historical Data

The historical data trend for Marathon Petroleum's Total Current Assets 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 Total Current Assets Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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125,014.86

145,528.13

172,451.83

184,858.39

157,435.47

Marathon Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															169,206.58	156,352.24	179,151.34	157,435.47	155,668.55

Marathon Petroleum Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Marathon Petroleum's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	50095.555	+	56930.776	+	45651.437	+	4757.706
	=	157,435

Marathon Petroleum's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	37717.005	+	65588.946	+	48707.424	+	3655.173
	=	155,669

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Marathon Petroleum (BSP:M1PC34) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Marathon Petroleum's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	37717.005	-	277658.709	+	0.75 * 65588.946	+	0.5 * 48707.424
=	-166,396

Marathon Petroleum Total Current Assets Related Terms

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Marathon Petroleum (BSP:M1PC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (BSP:M1PC34) » Definitions » Total Current Assets

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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