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GuruFocus has detected 2 Warning Signs with Marathon Oil Corp $MRO.
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Marathon Oil Corp (NYSE:MRO)
Days Payable
191.38 (As of Dec. 2016)

Marathon Oil Corp's payable for the three months ended in Dec. 2016 was $1,078 Mil. Marathon Oil Corp's cost of goods sold for the three months ended in Dec. 2016 was $514 Mil. Hence, Marathon Oil Corp's days payable for the three months ended in Dec. 2016 was 191.38.

MRO' s Days Payable Range Over the Past 10 Years
Min: 26.08   Max: 588.95
Current: 186.83

26.08
588.95

During the past 13 years, Marathon Oil Corp's highest Days Payable was 588.95. The lowest was 26.08. And the median was 169.05.

MRO's Days Payable is ranked higher than
74% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.02 vs. MRO: 186.83 )

Marathon Oil Corp's days payable increased from Dec. 2015 (184.61) to Dec. 2016 (191.38). It may suggest that Marathon Oil Corp delayed paying its suppliers.


Definition

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

Marathon Oil Corp's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1078/2106*365
=186.83

Marathon Oil Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1078/514*365 / 4
=191.38

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Marathon Oil Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 55.6726.0855.29588.95106.61163.85174.25193.00177.43186.83

Marathon Oil Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 177.96210.55223.78192.87195.02184.61199.83163.15155.97191.38
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