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.
Peer comparison
Dec 31, 2024
Company name
Symbol
Cash conversion cycle
Marathon Petroleum Corp
MPC
27.66
ConocoPhillips
COP
17.21
CVR Energy Inc
CVI
12.90
PBF Energy Inc
PBF
33.11
Phillips 66
PSX
11.02