Marathon Petroleum Corp (MPC)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		9.59	10.11	8.25	9.95	10.27
Number of days of payables	days	38.08	36.09	44.25	36.68	35.53

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.59
= 38.08

Marathon Petroleum Corp's number of days of payables has fluctuated slightly over the past five years. In 2023, the company had 39.07 days of payables, showing a slight increase compared to 36.85 days in 2022. This suggests that the company took slightly longer to pay its suppliers in 2023.

Compared to previous years, in 2021, Marathon Petroleum Corp had 45.46 days of payables, indicating that the company took a longer time to settle its payables that year. In 2020, the number of days of payables was 43.33 days, showing a decrease from the previous year.

The lowest number of days of payables in the last five years was in 2019 at 38.48 days. This indicates that the company was more efficient in settling its payables that year. Overall, the trend in Marathon Petroleum Corp's number of days of payables reflects some variability, suggesting potential changes in the company's payment practices or supplier relationships over the years.