Marathon Petroleum Corp (MPC)

Cash conversion cycle

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Days of inventory on hand (DOH)	days	27.66	26.45	21.24	26.73	44.42
Days of sales outstanding (DSO)	days	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—
Cash conversion cycle	days	27.66	26.45	21.24	26.73	44.42

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 27.66 + — – —
= 27.66

The cash conversion cycle of Marathon Petroleum Corp has shown a decreasing trend from 44.42 days on December 31, 2020, to 26.73 days on December 31, 2021, indicating an improvement in efficiency in managing its cash flows. However, there was a slight increase to 27.66 days on December 31, 2024, compared to the previous years. Overall, the company has been able to effectively manage its working capital and cash conversion cycle over the years, which is crucial for optimizing liquidity and operational efficiency.