Marathon Petroleum Corp (MPC)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 127,951,000 | 130,727,000 | 134,519,000 | 132,239,000 | 131,913,000 | 132,154,000 | 135,833,000 | 147,491,000 | 152,465,000 | 151,074,000 | 141,022,000 | 123,992,000 | 110,008,000 | 93,855,000 | 80,435,000 | 63,290,000 | 65,733,000 | 74,304,000 | 82,506,000 | 96,795,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $127,951,000K ÷ $—K
= —
Based on the provided data, Marathon Petroleum Corp's payables turnover ratio is not calculable as the information for accounts payable and cost of goods sold is not available. The payables turnover ratio is a metric that reflects how efficiently a company manages its accounts payable by comparing the cost of goods sold to its average accounts payable balance.
In general, a higher payables turnover ratio indicates that the company is paying off its suppliers quickly, which can be a sign of strong liquidity and good vendor relationships. On the other hand, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, potentially indicating cash flow challenges or strained relationships with vendors.
Without specific data points to calculate the payables turnover ratio for Marathon Petroleum Corp, it is not possible to provide a detailed analysis of how the company is managing its payables. It is recommended to monitor this ratio over time to assess any changes in the company's payment practices and financial health.
Peer comparison
Dec 31, 2024