Marathon Oil (BSP:M1RO34) Days Inventory : 16.96 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Marathon Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Marathon Oil's Average Total Inventories for the three months ended in Dec. 2023 was R$885 Mil. Marathon Oil's Cost of Goods Sold for the three months ended in Dec. 2023 was R$4,763 Mil. Hence, Marathon Oil's Days Inventory for the three months ended in Dec. 2023 was 16.96.

The historical rank and industry rank for Marathon Oil's Days Inventory or its related term are showing as below:

BSP:M1RO34' s Days Inventory Range Over the Past 10 Years
Min: 7.79 Med: 12.29 Max: 26.52
Current: 14.82

During the past 13 years, Marathon Oil's highest Days Inventory was 26.52. The lowest was 7.79. And the median was 12.29.

BSP:M1RO34's Days Inventory is ranked better than
70.27% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs BSP:M1RO34: 14.82

Marathon Oil's Days Inventory increased from Dec. 2022 (13.46) to Dec. 2023 (16.96). It might indicate that Marathon Oil's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marathon Oil's Inventory Turnover for the three months ended in Dec. 2023 was 5.38.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marathon Oil's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Marathon Oil Days Inventory Historical Data

The historical data trend for Marathon Oil's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marathon Oil Days Inventory Chart

Marathon Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

8.00

7.02

8.02

11.95

15.66

Marathon Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															13.46	13.53	13.77	14.95	16.96

Competitive Comparison of Marathon Oil's Days Inventory

For the Oil & Gas E&P subindustry, Marathon Oil's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marathon Oil's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Oil's Days Inventory distribution charts can be found below:

* The bar in red indicates where Marathon Oil's Days Inventory falls into.

Marathon Oil Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marathon Oil's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (655.675	+	911.363)	/	2 )	/	18266.455	*	365
=	783.519					/	18266.455	*	365
=	15.66

Marathon Oil's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (859.334	+	911.363)	/	2 )	/	4762.606	*	365 / 4
=	885.3485					/	4762.606	*	365 / 4
=	16.96

Marathon Oil (BSP:M1RO34) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Marathon Oil's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4762.606	/	885.3485
	=	5.38

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marathon Oil's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	885.3485	/	7766.183
	=	0.11

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Marathon Oil Days Inventory Related Terms

Thank you for viewing the detailed overview of Marathon Oil's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Marathon Oil (BSP:M1RO34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (BSP:M1RO34) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MRO:USA MRO:Mexico USS:Germany

Address

990 Town and Country Boulevard, Houston, TX, USA, 77024-2217

Website

https://www.marathonoil.com

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

Marathon Oil (BSP:M1RO34) Headlines

No Headlines