The HiRISE camera mounted on NASA’s Mars Reconnaissance Orbiter, which isexploring the history of water on Mars, snapped this photo of a circular depression on the Red Planet’s surface.

The official NASA caption explains exactly what you’re seeing:

This image of a circular depression on the surface of Mars was acquired on Jan. 5, 2015 by the High Resolution Imaging Science Experiment (HiRISE) camera on NASA’sMars Reconnaissance Orbiter (MRO). The spacecraft has been orbiting Mars since March 2006 and completed its 40,000th orbit around Mars on Feb. 7, 2015.

The target of this observation is a circular depression in a dark-toned unit associated with a field of cones to the northeast. At the scale of an image taken by MRO’s Context Camera, which provides wide area views to provide context for high-resolution analysis, the depression appears to expose layers especially on the sides or walls, which are overlain by dark sands presumably associated with the dark-toned unit. The HiRISE camera’s resolution, which is far higher than that of the Context Camera and its larger footprint, can help identify possible layers.

Image Credit: NASA/JPL-Caltech/University of Arizona

Caption: HiRISE Science Team