Marathon Oil (Marathon Oil) Total Inventories : $186 Mil (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Marathon Oil Total Inventories?

Marathon Oil's total inventories for the quarter that ended in Dec. 2023 was $186 Mil. Marathon Oil's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $180 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Marathon Oil's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-12.58.

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 three months ended in Dec. 2023 was 16.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marathon Oil's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.11.

Marathon Oil Total Inventories Historical Data

The historical data trend for Marathon Oil's Total Inventories 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 Total Inventories Chart

Marathon Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

72.00

76.00

77.00

125.00

186.00

Marathon Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															125.00	136.00	136.00	174.00	186.00

Marathon Oil Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Marathon Oil (NYSE:MRO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Marathon Oil's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(155	+	0.75 * 1152	+	0.5 * 186	-	8370
-	0	-	0)	/	577
=	-12.58

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	180	/	972	*	365 / 4
	=	16.90

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	972	/	180
	=	5.40

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	180	/	1585
	=	0.11

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Marathon Oil Total Inventories Related Terms

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

Marathon Oil (Marathon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (NYSE:MRO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MRO:Mexico USS:Germany USS:Germany M1RO34:Brazil

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.

Executives

Dane E Whitehead	officer: Executive VP and CFO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Michael A Henderson	officer: Senior VP, Operations	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Patrick Wagner	officer: See Remarks	1401 MC KINNEY ST., SUITE 2400, HOUSTON TX 77010
Lee M Tillman	director, officer: President and CEO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056
Rob L. White	officer: VP, Controller & CAO	C/O MARATHON OIL CORPORATION, 990 TOWN & COUNTRY BOULEVARD, HOUSTON TX 77024
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mark A Mccollum	director	3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77002
Kimberly O. Warnica	officer: Senior VP & General Counsel	505 TRAILS END, HOUSTON TX 77024
Gary Eugene Wilson	officer: VP, Controller & CAO	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Brent J Smolik	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
James Kent Wells	director	1700 LINCOLN STREET, SUITE 2800, DENVER CO 80203-4535
Jason Few	director	2201 COLQUITT STREET, HOUSTON TX 77098
Thomas Mitchell Little	officer: Executive VP - Operations	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
M Elise Hyland	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222