Marathon Petroleum Corp (MPC)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 126,240,000 | 128,566,000 | 151,671,000 | 110,008,000 | 65,733,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $126,240,000K ÷ $—K
= —
Based on the provided data, Marathon Petroleum Corp's payables turnover ratio is "—", indicating that specific information regarding payables turnover for the years ending December 31, 2020, 2021, 2022, 2023, and 2024 is not available. The payables turnover ratio is a financial metric used to assess how efficiently a company pays its suppliers relative to its credit purchases.
Without the payables turnover figures for the mentioned years, it is challenging to evaluate Marathon Petroleum Corp's ability to manage its accounts payable effectively. A high payables turnover ratio is generally considered favorable as it signifies that the company is settling its payables quickly, potentially indicating strong cash flow management. Conversely, a low ratio could suggest cash flow challenges or potentially strained supplier relationships.
As the data is not provided, it is advisable to obtain further financial information to gain insights into Marathon Petroleum Corp's payables management and overall liquidity position.
Peer comparison
Dec 31, 2024