Marathon Oil Corporation (MRO)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,697,000 | 6,739,000 | 7,173,000 | 7,963,000 | 8,036,000 | 8,103,000 | 7,309,000 | 6,149,000 | 5,467,000 | 4,497,000 | 3,798,000 | 2,927,000 | 3,086,000 | 3,471,000 | 4,062,000 | 5,223,000 | 5,190,000 | 5,740,000 | 6,062,000 | 6,046,000 |
| Receivables | US$ in thousands | 1,152,000 | 1,434,000 | 1,294,000 | 1,215,000 | 1,146,000 | 1,358,000 | 1,512,000 | 1,443,000 | 1,142,000 | 1,068,000 | 1,008,000 | 921,000 | 747,000 | 643,000 | 620,000 | 789,000 | 1,122,000 | 1,190,000 | 1,186,000 | 1,128,000 |
| Receivables turnover | 5.81 | 4.70 | 5.54 | 6.55 | 7.01 | 5.97 | 4.83 | 4.26 | 4.79 | 4.21 | 3.77 | 3.18 | 4.13 | 5.40 | 6.55 | 6.62 | 4.63 | 4.82 | 5.11 | 5.36 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,697,000K ÷ $1,152,000K
= 5.81
The receivables turnover of Marathon Oil Corporation has shown fluctuations over the past eight quarters. In Q1 2023, the company had a receivables turnover of 6.05, indicating that it collected its accounts receivable approximately 6.05 times during that quarter. This was a decrease from the previous quarter but higher than the same period in the prior year. The trend continued in Q2 2023 with a slight increase in receivables turnover to 5.15, followed by a further increase in Q3 2023 to 4.48. However, in Q4 2023, the receivables turnover significantly improved to 5.56.
On a year-over-year basis, Marathon Oil Corporation showed a general improvement in receivables turnover from Q4 2022 to Q4 2023. This suggests that the company has been more effective in collecting its accounts receivable efficiently during the latest quarter compared to the same quarter in the previous year. Overall, a higher receivables turnover indicates that the company is collecting its outstanding receivables more quickly, which can be a positive sign of strong liquidity and efficient management of credit sales.
Peer comparison
Dec 31, 2023
See also:
Marathon Oil Corporation Receivables Turnover (Quarterly Data)