Murphy USA Inc (MUSA)

Number of days of payables

		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
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 in Q4 2023 was 9.88 days, an increase from 9.50 days in Q4 2022. This indicates that the company took slightly longer to settle its accounts payables during this period. Not having data for the other quarters makes it challenging to assess any trends or compare the recent performance to earlier periods. It is recommended to gather more data across multiple quarters to obtain a clearer picture of the company's payables management efficiency.