Murphy Oil Corporation (MUR)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 29.64 | 13.26 | 11.64 | 13.21 | 9.93 | 9.32 | 9.44 | 9.29 | 10.29 | 11.22 | 11.52 | 11.95 | 10.81 | 11.43 | 15.02 | 14.30 | 13.00 | 13.59 | 13.24 | 15.30 |
| Days of sales outstanding (DSO) | days | 38.09 | 37.71 | 36.00 | 35.57 | 32.95 | 30.09 | 36.26 | 38.27 | 36.41 | 46.80 | 39.33 | 34.41 | 33.83 | 35.18 | 54.17 | 44.06 | 33.64 | 27.49 | 60.35 | 58.36 |
| Number of days of payables | days | 272.92 | 91.67 | 94.83 | 100.11 | 85.46 | 78.48 | 92.52 | 90.91 | 84.49 | 83.57 | 107.70 | 97.18 | 107.82 | 115.83 | 213.93 | 226.48 | 149.47 | 145.70 | 172.47 | 123.70 |
| Cash conversion cycle | days | -205.18 | -40.70 | -47.19 | -51.33 | -42.57 | -39.06 | -46.82 | -43.35 | -37.79 | -25.55 | -56.86 | -50.82 | -63.18 | -69.22 | -144.75 | -168.11 | -102.83 | -104.62 | -98.88 | -50.03 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 29.64 + 38.09 – 272.92
= -205.18