Marathon Oil (BSP:M1RO34) Days Payable : 138.87 (As of Dec. 2023)

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What is Marathon Oil Days Payable?

Marathon Oil's average Accounts Payable for the three months ended in Dec. 2023 was R$7,248 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 Payable for the three months ended in Dec. 2023 was 138.87.

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

BSP:M1RO34' s Days Payable Range Over the Past 10 Years
Min: 106.8 Med: 122.67 Max: 152.73
Current: 141.81

During the past 13 years, Marathon Oil's highest Days Payable was 152.73. The lowest was 106.80. And the median was 122.67.

BSP:M1RO34's Days Payable is ranked better than
75.64% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs BSP:M1RO34: 141.81

Marathon Oil's Days Payable declined from Dec. 2022 (162.82) to Dec. 2023 (138.87). It may suggest that Marathon Oil accelerated paying its suppliers.

Marathon Oil Days Payable Historical Data

The historical data trend for Marathon Oil's Days Payable 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.

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Marathon Oil Days Payable Chart

Marathon Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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125.59

98.95

102.66

142.26

133.80

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 Payable	Get a 7-Day Free Trial															162.82	143.03	152.66	150.26	138.87

Competitive Comparison of Marathon Oil's Days Payable

For the Oil & Gas E&P subindustry, Marathon Oil's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Oil & Gas Industry

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

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

Marathon Oil Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6708.867	+	6683.327)	/	2 )	/	18266.455	*	365
=	6696.097					/	18266.455	*	365
=	133.80

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7813.023	+	6683.327)	/	2 )	/	4762.606	*	365 / 4
=	7248.175					/	4762.606	*	365 / 4
=	138.87

Marathon Oil Days Payable Related Terms

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Marathon Oil (BSP:M1RO34) Business Description

Industry

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

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.

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