Murphy Oil Corporation (MUR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,028,470 | 3,448,850 | 4,220,140 | 2,801,220 | 1,751,710 |
| Property, plant and equipment | US$ in thousands | — | — | 9,174,400 | 8,127,900 | 8,269,040 |
| Fixed asset turnover | — | — | 0.46 | 0.34 | 0.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,028,470K ÷ $—K
= —
Based on the data provided, the fixed asset turnover ratio of Murphy Oil Corporation has shown an improving trend over the years. In December 31, 2020, the fixed asset turnover was reported at 0.21 and increased to 0.34 by December 31, 2021. This indicates that the company generated $0.34 in revenue for every dollar invested in fixed assets in 2021, reflecting a more efficient utilization of its fixed assets.
The trend continued to improve as the fixed asset turnover ratio increased to 0.46 by December 31, 2022, signaling a further enhancement in the company's ability to generate revenue from its fixed assets. However, there is missing data for the years 2023 and 2024, denoted by "—", which limits the ability to evaluate the company's performance during those years.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Murphy Oil Corporation has been effectively leveraging its fixed assets to generate revenue. Monitoring this ratio in the upcoming years will be crucial to assess the company's ongoing operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024