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 $180 Mil. Marathon Oil's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $972 Mil.
Hence, Marathon Oil's Days Inventory for the
three
months ended in Dec. 2023 was 16.90.
The historical rank and industry rank for Marathon Oil's Days Inventory or its related term are showing as below:
MRO'
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.
MRO's Days Inventory is ranked better than 70.27% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs MRO: 14.82
Marathon Oil's Days Inventory
increased
from Dec. 2022 (13.46) to Dec. 2023 (16.90).
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 5.40.
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.
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
* 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.
Marathon Oil (NYSE:MRO) 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
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
* 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.
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 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.
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