Discontinued — last reported Q1 '16
Business Segments · Inventory Write Down
Refining And Marketing — Inventory Write Down
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2015
Last reportedQ1 2016
How to read this metric
An increase suggests falling market prices for refined products or oversupply conditions, signaling potential margin compression. A decrease or absence of write-downs suggests stable or rising market prices and effective inventory management.
Detailed definition
This metric represents the non-cash expense recognized when the carrying value of refined petroleum product inventories...
Peer comparison
Peers in the downstream refining sector report similar adjustments under inventory valuation policies, often categorized as lower-of-cost-or-market (LCM) adjustments or inventory valuation reserves.
Metric ID:
mpc_segment_refining_and_marketing_inventory_write_downSimilar Metrics at Other Companies
Frequently Asked Questions
- What does refining and marketing — inventory write down mean?
- The loss in value recorded when the market price of refined fuel inventory falls below the cost at which it was produced or purchased.