Murphy USA Inc (MUSA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.31 | 4.85 | 6.27 | 8.03 | 7.83 | |
| Number of days of payables | days | 68.72 | 75.22 | 58.22 | 45.45 | 46.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.31
= 68.72
The number of days of payables for Murphy USA Inc has shown a consistent trend over the past five years. The company's payables are being settled, on average, in approximately 9 to 10 days. This indicates that the company is efficient in managing its accounts payable, as it takes less than 10 days to pay its suppliers.
There was a slight increase in the number of days of payables from 2019 to 2020, but this trend reversed in the following years, with a decrease in 2021 and 2022. In 2023, the number of days of payables increased slightly compared to the previous year but still remained within the 9 to 10 days range.
Overall, the stability in the number of days of payables suggests that Murphy USA Inc has been effectively managing its payment cycles and maintaining good relationships with its suppliers. The company's ability to efficiently settle its payables may contribute to its cash flow management and overall financial health.
Peer comparison
Dec 31, 2023