Murphy Oil Corporation (MUR)

Working capital turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 3,460,196 3,591,249 3,935,004 4,221,516 3,932,761 3,696,433 3,023,733 2,472,233 2,299,257 1,890,485 1,681,685 1,343,585 1,967,330 2,274,583 2,669,783 3,202,233 2,829,049 2,695,197 2,368,608 2,014,238
Total current assets US$ in thousands 752,194 887,011 869,148 801,841 972,325 951,587 1,066,880 960,050 880,910 830,731 918,606 691,305 1,000,290 733,656 763,390 1,212,360 974,327 1,144,630 2,751,890 2,638,240
Total current liabilities US$ in thousands 846,545 892,393 1,034,510 1,028,010 1,257,830 1,212,500 1,618,210 1,598,880 1,164,330 1,134,610 1,273,290 865,384 716,321 609,386 670,739 864,751 942,789 932,860 2,202,890 1,638,230
Working capital turnover — — — — — — — — — — — — 6.93 18.30 28.82 9.21 89.70 12.73 4.31 2.01

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,460,196K ÷ ($752,194K – $846,545K)
= —

As the data for working capital turnover for Murphy Oil Corp. is not provided in the table, it is not possible to calculate or analyze the trend of this ratio over the specified periods. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher turnover ratio typically indicates better efficiency in managing working capital, while a lower ratio may suggest inefficiencies or excess funds tied up in operations. To further assess the company's liquidity and efficiency in managing its working capital, additional information or data points for the relevant periods would be required.