Marathon Oil Corporation (MRO)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 0.26 0.25 0.47 1.10 0.40
Number of days of payables days 1,386.80 1,472.67 774.67 330.99 913.90

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.26
= 1,386.80

The number of days of payables for Marathon Oil Corporation has exhibited fluctuations over the past five years. As of December 31, 2023, the company took approximately 601.28 days to pay its suppliers, a decrease from 676.57 days in 2022. This suggests that Marathon Oil Corporation has improved its efficiency in paying its trade payables compared to the previous year.

However, when comparing the current figure to historical data, the number of days of payables in 2023 remains higher than in 2020 and 2019, indicating a longer payment cycle. This may be a reflection of the company's cash flow management strategies or relationships with suppliers.

Overall, a lower number of days of payables is generally considered more favorable as it signifies that the company is paying its obligations more promptly. Investors and analysts may monitor this metric over time to assess Marathon Oil Corporation's financial health and efficiency in managing its working capital.


Peer comparison

Dec 31, 2023


See also:

Marathon Oil Corporation Average Payables Payment Period