Discontinued — last reported Q2 '16
Business Segments · Inventory LIFO Reserve Period Charge
Speedway — Inventory LIFO Reserve Period Charge
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2015
Last reportedQ2 2016
How to read this metric
A positive charge typically reflects rising inventory costs, which reduces reported earnings under LIFO compared to FIFO.
Detailed definition
This represents the periodic change in the LIFO (Last-In, First-Out) reserve for the Speedway segment's inventory. It re...
Peer comparison
Comparable to LIFO reserve adjustments reported by other companies using LIFO inventory valuation in the retail or energy sectors.
Metric ID:
mpc_segment_speedway_inventory_lifo_reserve_period_chargeSimilar Metrics at Other Companies
Frequently Asked Questions
- What does speedway — inventory lifo reserve period charge mean?
- The periodic adjustment to the cost of goods sold resulting from the use of LIFO inventory accounting in the Speedway segment.