Marathon Oil Corporation (MRO)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		0.24	0.21	0.22	0.23	0.24	0.30	0.30	0.38	0.48	0.86	0.92	0.90	1.22	0.77	0.84	0.55	0.50	1.17	1.18	1.44
Number of days of payables	days	1,531.88	1,760.46	1,664.70	1,617.37	1,505.92	1,219.41	1,235.32	948.27	767.33	424.46	397.22	405.16	299.81	472.43	435.00	664.95	726.11	310.92	309.92	252.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.24
= 1,531.88

Based on the data provided, Marathon Oil Corporation's number of days of payables has experienced fluctuations over the past eight quarters. The number of days of payables ranged from 601.28 days in Q4 2023 to 921.88 days in Q2 2022.

A higher number of days of payables indicates that the company takes longer to pay its suppliers, which can be indicative of a potential liquidity advantage or the ability to negotiate favorable payment terms. Conversely, a lower number of days of payables may suggest efficient management of working capital but could also signal strained supplier relationships or potential cash flow issues.

It is important for analysts to consider trends over time and compare Marathon Oil Corporation's number of days of payables to industry benchmarks or competitors to gain a deeper understanding of the company's financial performance and operational efficiency in managing its payables.