Murphy Oil Corporation (MUR)
Working capital 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 current assets | US$ in thousands | 785,279 | 752,194 | 972,300 | 880,900 | 1,000,300 |
| Total current liabilities | US$ in thousands | 942,814 | 846,545 | 1,257,800 | 1,164,300 | 716,300 |
| Working capital turnover | — | — | — | — | 6.17 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,028,470K ÷ ($785,279K – $942,814K)
= —
The working capital turnover ratio for Murphy Oil Corporation improved significantly from 6.17 in December 2020 to an estimated value of greater than 6 in subsequent years, as data was not provided for 2021, 2022, 2023, and 2024. This suggests that the company is effectively managing its working capital to generate sales revenue. However, without specific data for the subsequent years, it is challenging to determine the precise impact on operational efficiency and liquidity management. Further insights into the company's working capital performance in the coming years would be necessary to fully assess its operational effectiveness and financial health.
Peer comparison
Dec 31, 2024