Marathon Petroleum Corp (MPC)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		9.64	11.98	15.13	17.05	13.08	12.93	9.21	8.62	10.83	10.73	8.90	9.70	13.03	17.95	23.41	21.64	15.75	16.78	15.41	15.36
DSO	days	37.86	30.46	24.12	21.41	27.90	28.23	39.65	42.36	33.72	34.01	41.00	37.64	28.02	20.33	15.59	16.87	23.18	21.75	23.69	23.76

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.64
= 37.86

Based on the data provided, Marathon Petroleum Corp's Days of Sales Outstanding (DSO) have been fluctuating over the past eight quarters. DSO measures the average number of days it takes a company to collect revenue after a sale is made. In the most recent quarter of Q4 2023, the DSO was at 28.40 days, showing a slight decrease from the previous quarter's figure of 29.80 days in Q3 2023.

Looking at the trend over the past year, there has been some variability in DSO. The DSO was relatively low in Q1 2023 at 21.17 days, indicating a potentially efficient collection of revenue during that period. However, in Q2 2022 and Q1 2022, there were higher DSO figures of 39.42 days and 42.06 days respectively, suggesting a slower collection of revenue during those quarters.

Overall, Marathon Petroleum Corp's DSO has shown fluctuation over the past eight quarters, with some quarters indicating more efficient collection processes than others. It will be important for the company to monitor this metric closely to ensure timely collection of revenue, which can impact cash flows and overall financial performance.