Murphy Oil Corporation (MUR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.48 | 0.65 | 0.59 | 3.53 | 0.51 | |
| Number of days of payables | days | 753.03 | 559.42 | 621.37 | 103.29 | 714.83 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.48
= 753.03
Based on the data provided for Murphy Oil Corp.'s number of days of payables, there appears to be a significant increase in the payables turnover period over the years.
As of December 31, 2023, Murphy Oil Corp. had a number of days of payables of 3,156.13 days, indicating that it takes approximately 3,156 days for the company to pay off its trade payables. This is a notable increase compared to December 31, 2022, when the number of days of payables was 1,154.02 days, reflecting a substantial elongation in the payables turnover period.
The sudden lengthening of the payables turnover cycle may signal potential liquidity issues or inefficiencies in managing supplier payments. It is essential for the company to monitor and potentially optimize its payables process to ensure efficient working capital management and maintain healthy supplier relationships.
Peer comparison
Dec 31, 2023