Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Marathon Oil Corp., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Marathon Oil Corp. inventory turnover ratio improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Marathon Oil Corp. receivables turnover ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Marathon Oil Corp. payables turnover ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Marathon Oil Corp. working capital turnover ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Marathon Oil Corp. number of days of receivables outstanding deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Marathon Oil Corp. operating cycle deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Marathon Oil Corp. number of days of payables outstanding increased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Marathon Oil Corp. cash conversion cycle deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Inventory Turnover
Marathon Oil Corp., inventory turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues from contracts with customers | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Inventories | 93) | 78) | 77) | 77) | 78) | 78) | 76) | 77) | 77) | 78) | 72) | 71) | 72) | 83) | 96) | 110) | 117) | 110) | 126) | 132) | 140) | 145) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Inventory turnover1 | 76.33 | 79.29 | 72.74 | 60.92 | 51.46 | 41.67 | 40.75 | 45.56 | 51.90 | 62.65 | 70.32 | 73.38 | 76.38 | 67.05 | 61.48 | 52.29 | 45.95 | 44.75 | 34.71 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 26.71 | 27.10 | 24.68 | 21.96 | 18.60 | 17.05 | 16.64 | 18.34 | 20.86 | 20.59 | 23.92 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 52.97 | 45.80 | 37.94 | 34.71 | 25.71 | 20.45 | 18.75 | 20.31 | 24.82 | 40.74 | 31.74 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 14.93 | 13.84 | 14.73 | 12.30 | 11.14 | 9.86 | 9.47 | 10.95 | 10.88 | 15.09 | 13.79 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 12.76 | 13.08 | 13.66 | 10.32 | 9.25 | 7.91 | 8.22 | 10.24 | 10.69 | 14.05 | 10.76 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 21.57 | 20.63 | 14.06 | 12.52 | 10.63 | 7.59 | 9.38 | 12.01 | 14.56 | 16.02 | 14.09 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 20.24 | 17.64 | 17.69 | 15.05 | 13.32 | 10.66 | 10.87 | 13.94 | 15.61 | 28.30 | 14.76 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Inventory turnover
= (Revenues from contracts with customersQ2 2022
+ Revenues from contracts with customersQ1 2022
+ Revenues from contracts with customersQ4 2021
+ Revenues from contracts with customersQ3 2021)
÷ Inventories
= (2,168 + 1,761 + 1,732 + 1,438)
÷ 93 = 76.33
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Marathon Oil Corp. inventory turnover ratio improved from Q4 2021 to Q1 2022 but then slightly deteriorated from Q1 2022 to Q2 2022. |
Receivables Turnover
Marathon Oil Corp., receivables turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Receivables, net | 1,512) | 1,443) | 1,142) | 1,068) | 1,008) | 921) | 747) | 643) | 620) | 703) | 1,122) | 1,148) | 1,144) | 1,086) | 1,079) | 1,335) | 1,176) | 1,100) | 1,082) | 945) | 767) | 751) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Receivables turnover1 | 4.70 | 4.29 | 4.90 | 4.39 | 3.98 | 3.53 | 4.15 | 5.46 | 6.45 | 6.95 | 4.51 | 4.54 | 4.81 | 5.12 | 5.47 | 4.31 | 4.57 | 4.47 | 4.04 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 7.67 | 7.60 | 8.45 | 8.12 | 7.39 | 6.79 | 8.24 | 10.72 | 13.42 | 13.32 | 10.50 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 8.09 | 6.89 | 7.00 | 6.78 | 6.65 | 5.17 | 7.13 | 10.59 | 17.42 | 13.98 | 9.97 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 9.22 | 8.64 | 10.87 | 10.79 | 8.98 | 9.41 | 12.11 | 16.88 | 22.14 | 21.12 | 15.75 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 5.31 | 5.34 | 6.17 | 6.39 | 5.94 | 5.41 | 8.42 | 9.57 | 9.12 | 9.36 | 3.20 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Receivables turnover
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Receivables, net
= (2,168 + 1,761 + 1,732 + 1,438)
÷ 1,512 = 4.70
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Marathon Oil Corp. receivables turnover ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
Payables Turnover
Marathon Oil Corp., payables turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues from contracts with customers | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Accounts payable | 1,523) | 1,299) | 1,110) | 1,028) | 937) | 918) | 837) | 730) | 696) | 1,104) | 1,307) | 1,374) | 1,401) | 1,310) | 1,320) | 1,479) | 1,428) | 1,335) | 1,395) | 1,313) | 1,158) | 1,081) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Payables turnover1 | 4.66 | 4.76 | 5.05 | 4.56 | 4.28 | 3.54 | 3.70 | 4.81 | 5.74 | 4.43 | 3.87 | 3.79 | 3.93 | 4.25 | 4.47 | 3.89 | 3.76 | 3.69 | 3.13 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 8.28 | 8.78 | 9.46 | 8.79 | 7.88 | 7.45 | 8.63 | 10.93 | 13.94 | 12.30 | 9.92 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 11.18 | 11.03 | 9.16 | 8.83 | 8.15 | 5.94 | 7.04 | 9.47 | 11.83 | 10.20 | 10.25 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 6.27 | 6.27 | 8.03 | 7.79 | 6.75 | 6.68 | 8.42 | 11.31 | 14.15 | 12.91 | 9.48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 6.49 | 6.22 | 6.66 | 5.98 | 5.51 | 4.83 | 5.96 | 7.43 | 7.09 | 5.98 | 2.91 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 8.69 | 8.31 | 8.87 | 9.54 | 8.00 | 6.88 | 10.79 | 14.26 | 18.19 | 17.61 | 10.15 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Payables turnover
= (Revenues from contracts with customersQ2 2022
+ Revenues from contracts with customersQ1 2022
+ Revenues from contracts with customersQ4 2021
+ Revenues from contracts with customersQ3 2021)
÷ Accounts payable
= (2,168 + 1,761 + 1,732 + 1,438)
÷ 1,523 = 4.66
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Marathon Oil Corp. payables turnover ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Working Capital Turnover
Marathon Oil Corp., working capital turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 2,808) | 2,230) | 1,821) | 1,655) | 2,075) | 2,150) | 1,612) | 1,922) | 1,405) | 1,909) | 2,135) | 2,520) | 2,688) | 2,776) | 2,921) | 3,065) | 3,087) | 2,902) | 2,566) | 3,690) | 4,424) | 3,743) | |||||||
| Less: Current liabilities | 2,377) | 2,021) | 1,637) | 1,676) | 1,575) | 1,899) | 1,213) | 1,566) | 1,065) | 1,442) | 1,745) | 2,379) | 2,471) | 1,858) | 1,832) | 2,142) | 2,044) | 1,909) | 1,968) | 1,762) | 2,082) | 3,099) | |||||||
| Working capital | 431) | 209) | 184) | (21) | 500) | 251) | 399) | 356) | 340) | 467) | 390) | 141) | 217) | 918) | 1,089) | 923) | 1,043) | 993) | 598) | 1,928) | 2,342) | 644) | |||||||
| Revenues | 2,168) | 1,761) | 1,732) | 1,438) | 1,254) | 1,177) | 822) | 761) | 490) | 1,024) | 1,233) | 1,249) | 1,381) | 1,200) | 1,380) | 1,538) | 1,447) | 1,537) | 1,230) | 1,162) | 993) | 988) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Working capital turnover1 | 16.47 | 29.59 | 30.44 | — | 8.03 | 12.95 | 7.76 | 9.85 | 11.75 | 10.46 | 12.98 | 36.95 | 25.34 | 6.06 | 5.42 | 6.23 | 5.15 | 4.96 | 7.31 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 17.08 | 13.09 | 22.40 | 19.37 | 24.04 | 32.46 | 24.25 | 20.28 | 39.55 | 414.01 | 77.75 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 9.84 | 9.02 | 11.37 | 3.72 | 3.24 | 3.02 | 2.80 | 3.27 | 3.51 | 4.18 | 3.30 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 26.98 | 59.06 | 110.19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 11.41 | 12.01 | 9.52 | 5.95 | 4.60 | 4.92 | 5.53 | 6.93 | 30.75 | 55.50 | 30.81 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 49.75 | 21.36 | 13.76 | 28.72 | 5.99 | 11.43 | 29.88 | 102.74 | — | 10.72 | 5.46 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 28.60 | 37.33 | 26.42 | 21.15 | 15.70 | 12.04 | 9.89 | 10.44 | 16.04 | 38.84 | 18.65 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Working capital turnover
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Working capital
= (2,168 + 1,761 + 1,732 + 1,438)
÷ 431 = 16.47
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Marathon Oil Corp. working capital turnover ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Average Inventory Processing Period
Marathon Oil Corp., average inventory processing period calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Inventory turnover | 76.33 | 79.29 | 72.74 | 60.92 | 51.46 | 41.67 | 40.75 | 45.56 | 51.90 | 62.65 | 70.32 | 73.38 | 76.38 | 67.05 | 61.48 | 52.29 | 45.95 | 44.75 | 34.71 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average inventory processing period1 | 5 | 5 | 5 | 6 | 7 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 11 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 14 | 13 | 15 | 17 | 20 | 21 | 22 | 20 | 17 | 18 | 15 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 7 | 8 | 10 | 11 | 14 | 18 | 19 | 18 | 15 | 9 | 11 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 24 | 26 | 25 | 30 | 33 | 37 | 39 | 33 | 34 | 24 | 26 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 29 | 28 | 27 | 35 | 39 | 46 | 44 | 36 | 34 | 26 | 34 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 17 | 18 | 26 | 29 | 34 | 48 | 39 | 30 | 25 | 23 | 26 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 18 | 21 | 21 | 24 | 27 | 34 | 34 | 26 | 23 | 13 | 25 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 76.33 = 5
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Marathon Oil Corp., average receivable collection period calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Receivables turnover | 4.70 | 4.29 | 4.90 | 4.39 | 3.98 | 3.53 | 4.15 | 5.46 | 6.45 | 6.95 | 4.51 | 4.54 | 4.81 | 5.12 | 5.47 | 4.31 | 4.57 | 4.47 | 4.04 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average receivable collection period1 | 78 | 85 | 74 | 83 | 92 | 103 | 88 | 67 | 57 | 53 | 81 | 80 | 76 | 71 | 67 | 85 | 80 | 82 | 90 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 48 | 48 | 43 | 45 | 49 | 54 | 44 | 34 | 27 | 27 | 35 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 45 | 53 | 52 | 54 | 55 | 71 | 51 | 34 | 21 | 26 | 37 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 40 | 42 | 34 | 34 | 41 | 39 | 30 | 22 | 16 | 17 | 23 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 69 | 68 | 59 | 57 | 61 | 67 | 43 | 38 | 40 | 39 | 114 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.70 = 78
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Marathon Oil Corp. number of days of receivables outstanding deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
Operating Cycle
Marathon Oil Corp., operating cycle calculation (quarterly data)
No. days
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Average inventory processing period | 5 | 5 | 5 | 6 | 7 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 11 | — | — | — | |||||||
| Average receivable collection period | 78 | 85 | 74 | 83 | 92 | 103 | 88 | 67 | 57 | 53 | 81 | 80 | 76 | 71 | 67 | 85 | 80 | 82 | 90 | — | — | — | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Operating cycle1 | 83 | 90 | 79 | 89 | 99 | 112 | 97 | 75 | 64 | 59 | 86 | 85 | 81 | 76 | 73 | 92 | 88 | 90 | 101 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 62 | 61 | 58 | 62 | 69 | 75 | 66 | 54 | 44 | 45 | 50 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 52 | 61 | 62 | 65 | 69 | 89 | 70 | 52 | 36 | 35 | 48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 69 | 70 | 61 | 69 | 80 | 85 | 74 | 58 | 50 | 43 | 57 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 86 | 86 | 85 | 86 | 95 | 115 | 82 | 68 | 65 | 62 | 140 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 5 + 78 = 83
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Marathon Oil Corp. operating cycle deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
Average Payables Payment Period
Marathon Oil Corp., average payables payment period calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Payables turnover | 4.66 | 4.76 | 5.05 | 4.56 | 4.28 | 3.54 | 3.70 | 4.81 | 5.74 | 4.43 | 3.87 | 3.79 | 3.93 | 4.25 | 4.47 | 3.89 | 3.76 | 3.69 | 3.13 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average payables payment period1 | 78 | 77 | 72 | 80 | 85 | 103 | 99 | 76 | 64 | 82 | 94 | 96 | 93 | 86 | 82 | 94 | 97 | 99 | 116 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 44 | 42 | 39 | 42 | 46 | 49 | 42 | 33 | 26 | 30 | 37 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 33 | 33 | 40 | 41 | 45 | 61 | 52 | 39 | 31 | 36 | 36 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 58 | 58 | 45 | 47 | 54 | 55 | 43 | 32 | 26 | 28 | 38 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 56 | 59 | 55 | 61 | 66 | 76 | 61 | 49 | 51 | 61 | 126 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 42 | 44 | 41 | 38 | 46 | 53 | 34 | 26 | 20 | 21 | 36 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.66 = 78
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Marathon Oil Corp. number of days of payables outstanding increased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Cash Conversion Cycle
Marathon Oil Corp., cash conversion cycle calculation (quarterly data)
No. days
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Average inventory processing period | 5 | 5 | 5 | 6 | 7 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 11 | — | — | — | |||||||
| Average receivable collection period | 78 | 85 | 74 | 83 | 92 | 103 | 88 | 67 | 57 | 53 | 81 | 80 | 76 | 71 | 67 | 85 | 80 | 82 | 90 | — | — | — | |||||||
| Average payables payment period | 78 | 77 | 72 | 80 | 85 | 103 | 99 | 76 | 64 | 82 | 94 | 96 | 93 | 86 | 82 | 94 | 97 | 99 | 116 | — | — | — | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Cash conversion cycle1 | 5 | 13 | 7 | 9 | 14 | 9 | -2 | -1 | 0 | -23 | -8 | -11 | -12 | -10 | -9 | -2 | -9 | -9 | -15 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 18 | 19 | 19 | 20 | 23 | 26 | 24 | 21 | 18 | 15 | 13 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 19 | 28 | 22 | 24 | 24 | 28 | 18 | 13 | 5 | -1 | 12 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 11 | 12 | 16 | 22 | 26 | 30 | 31 | 26 | 24 | 15 | 19 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 30 | 27 | 30 | 25 | 29 | 39 | 21 | 19 | 14 | 1 | 14 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 5 + 78 – 78 = 5
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Marathon Oil Corp. cash conversion cycle deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |