Murphy Oil Corporation (MUR)
Total 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 |
| Total assets | US$ in thousands | 9,667,480 | 9,766,700 | 10,309,000 | 10,304,900 | 10,620,800 |
| Total asset turnover | 0.31 | 0.35 | 0.41 | 0.27 | 0.16 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,028,470K ÷ $9,667,480K
= 0.31
The total asset turnover for Murphy Oil Corporation has shown an increasing trend over the years from 0.16 in December 2020 to 0.31 in December 2024. This indicates that the company is generating more revenue relative to its total assets, highlighting its efficiency in utilizing its assets to generate sales. The peak in turnover was observed in December 2022 at 0.41, suggesting that the company was most efficient in generating revenue from its total assets during that period. However, there was a slight dip in the total asset turnover in December 2024 compared to the previous year, indicating a potential decrease in asset efficiency. Overall, the upward trend in total asset turnover signifies improved operational efficiency and asset utilization by Murphy Oil Corporation over the years.
Peer comparison
Dec 31, 2024