Murphy Oil Corporation (MUR)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	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
Revenue (ttm)	US$ in thousands	3,019,984	3,193,222	3,393,819	3,405,662	3,450,782	3,592,703	3,805,347	4,188,737	4,220,143	3,996,334	3,517,473	3,080,062	2,801,215	2,478,987	2,216,762	1,743,678	1,751,709	2,068,611	2,393,624	2,753,993
Total assets	US$ in thousands	9,667,480	9,716,420	9,893,720	9,668,660	9,766,700	9,942,580	10,249,500	10,188,500	10,309,000	10,229,200	10,572,200	10,541,700	10,304,900	10,330,900	10,604,200	10,284,300	10,620,800	10,469,400	10,754,000	11,205,800
Total asset turnover		0.31	0.33	0.34	0.35	0.35	0.36	0.37	0.41	0.41	0.39	0.33	0.29	0.27	0.24	0.21	0.17	0.16	0.20	0.22	0.25

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,019,984K ÷ $9,667,480K
= 0.31

The total asset turnover ratio for Murphy Oil Corporation has been fluctuating over the past few years. It decreased from 0.25 in March 2020 to 0.16 in December 2020, indicating a decline in efficiency in generating sales from its assets. However, the ratio started to improve gradually, reaching 0.41 by December 2022, reflecting better utilization of assets to generate revenue.

From December 2022 onwards, the total asset turnover ratio has been relatively stable, ranging between 0.31 and 0.41. This suggests that Murphy Oil Corporation has been effectively managing its assets to generate sales, with a slight decrease observed towards the end of 2024.

Overall, the trend in the total asset turnover ratio indicates that Murphy Oil Corporation has made improvements in asset utilization over the years, although there are fluctuations in efficiency levels.