Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Marathon Oil Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Marathon Oil Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Marathon Oil Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Marathon Oil Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Marathon Oil Corp. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Fixed Asset Turnover
Marathon Oil Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 5,601) | 3,097) | 5,063) | 5,902) | 4,373) | |
| Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization | 14,527) | 15,638) | 17,000) | 16,804) | 17,665) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.39 | 0.20 | 0.30 | 0.35 | 0.25 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.06 | 0.60 | 0.93 | — | — | |
| ConocoPhillips | 0.71 | 0.47 | 0.77 | — | — | |
| Exxon Mobil Corp. | 1.28 | 0.78 | 1.01 | — | — | |
| Marathon Petroleum Corp. | 3.20 | 1.79 | 2.72 | — | — | |
| Occidental Petroleum Corp. | 0.43 | 0.27 | 0.25 | — | — | |
| Valero Energy Corp. | 3.69 | 2.14 | 3.70 | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.33 | 0.79 | 1.13 | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.35 | 0.83 | 1.17 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization
= 5,601 ÷ 14,527 = 0.39
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Marathon Oil Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Marathon Oil Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 5,601) | 3,097) | 5,063) | 5,902) | 4,373) | |
| Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization | 14,527) | 15,638) | 17,000) | 16,804) | 17,665) | |
| Operating lease right-of-use (ROU) assets (located in Other noncurrent assets) | 59) | 133) | 199) | —) | —) | |
| Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization (including operating lease, right-of-use asset) | 14,586) | 15,771) | 17,199) | 16,804) | 17,665) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.38 | 0.20 | 0.29 | 0.35 | 0.25 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 1.03 | 0.59 | 0.90 | — | — | |
| ConocoPhillips | 0.70 | 0.46 | 0.75 | — | — | |
| Exxon Mobil Corp. | 1.24 | 0.76 | 0.98 | — | — | |
| Marathon Petroleum Corp. | 3.09 | 1.72 | 2.58 | — | — | |
| Occidental Petroleum Corp. | 0.43 | 0.27 | 0.25 | — | — | |
| Valero Energy Corp. | 3.55 | 2.05 | 3.54 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.29 | 0.77 | 1.10 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 1.32 | 0.80 | 1.14 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, including finance lease ROU assets, less accumulated depreciation, depletion and amortization (including operating lease, right-of-use asset)
= 5,601 ÷ 14,586 = 0.38
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Marathon Oil Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Total Asset Turnover
Marathon Oil Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 5,601) | 3,097) | 5,063) | 5,902) | 4,373) | |
| Total assets | 16,994) | 17,956) | 20,245) | 21,321) | 22,012) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.33 | 0.17 | 0.25 | 0.28 | 0.20 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.65 | 0.39 | 0.59 | — | — | |
| ConocoPhillips | 0.51 | 0.30 | 0.46 | — | — | |
| Exxon Mobil Corp. | 0.82 | 0.54 | 0.70 | — | — | |
| Marathon Petroleum Corp. | 1.41 | 0.82 | 1.26 | — | — | |
| Occidental Petroleum Corp. | 0.35 | 0.22 | 0.19 | — | — | |
| Valero Energy Corp. | 1.97 | 1.25 | 2.01 | — | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.83 | 0.52 | 0.73 | — | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.82 | 0.52 | 0.72 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Total asset turnover = Revenues ÷ Total assets
= 5,601 ÷ 16,994 = 0.33
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Marathon Oil Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Equity Turnover
Marathon Oil Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 5,601) | 3,097) | 5,063) | 5,902) | 4,373) | |
| Stockholders’ equity | 10,686) | 10,561) | 12,153) | 12,128) | 11,708) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.52 | 0.29 | 0.42 | 0.49 | 0.37 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.12 | 0.72 | 0.97 | — | — | |
| ConocoPhillips | 1.01 | 0.63 | 0.93 | — | — | |
| Exxon Mobil Corp. | 1.64 | 1.14 | 1.33 | — | — | |
| Marathon Petroleum Corp. | 4.58 | 3.14 | 3.68 | — | — | |
| Occidental Petroleum Corp. | 1.28 | 0.96 | 0.60 | — | — | |
| Valero Energy Corp. | 6.18 | 3.45 | 4.97 | — | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.77 | 1.17 | 1.48 | — | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.76 | 1.20 | 1.47 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 5,601 ÷ 10,686 = 0.52
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Marathon Oil Corp. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |