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.