Murphy Oil Corporation (MUR)
Cash conversion cycle
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 29.64 | 9.93 | 24.02 | 10.81 | 13.00 |
| Days of sales outstanding (DSO) | days | 38.09 | 32.95 | 36.41 | 33.83 | 33.64 |
| Number of days of payables | days | 272.92 | 85.46 | 197.16 | 107.82 | 149.47 |
| Cash conversion cycle | days | -205.18 | -42.57 | -136.73 | -63.18 | -102.83 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 29.64 + 38.09 – 272.92
= -205.18