Murphy Oil Corporation (MUR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 661,600 | 744,600 | 1,017,600 | 1,269,857 | 964,921 | 933,921 | 514,021 | 100,364 | -73,700 | -414,000 | -765,900 | -1,020,000 | -1,148,700 | -1,048,500 | 284,000 | 693,500 | 1,149,800 | 1,324,900 | 329,800 | 283,000 |
| Total assets | US$ in thousands | 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 | 10,620,900 | 10,469,400 | 10,754,000 | 11,205,800 | 11,718,500 | 11,783,700 | 13,536,000 | 11,983,100 |
| ROA | 6.77% | 7.49% | 9.93% | 12.46% | 9.36% | 9.13% | 4.86% | 0.95% | -0.72% | -4.01% | -7.22% | -9.92% | -10.82% | -10.01% | 2.64% | 6.19% | 9.81% | 11.24% | 2.44% | 2.36% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $661,600K ÷ $9,766,700K
= 6.77%
To analyze Murphy Oil Corp.'s return on assets (ROA) based on the provided data, we can observe the trend over the past eight quarters.
The ROA for the company has varied significantly during this period, ranging from a low of 0.95% in Q1 2022 to a high of 12.47% in Q1 2023. In the last two quarters of 2022, the ROA was relatively stable, hovering around the 9% mark.
The sharp increase in ROA in Q1 2023 to 12.47% indicates a significant improvement in the company's efficiency in generating profits from its assets. However, this was followed by a decline in Q2 2023 and further decreases in Q3 and Q4 of the same year.
The ROA in Q4 2023 of 6.77% is the lowest in the past two years, reflecting a potential decrease in profitability relative to the company's asset base.
Overall, while there have been fluctuations in Murphy Oil Corp.'s ROA over the analyzed period, it is essential to assess the company's performance comprehensively by considering other financial metrics and factors influencing its profitability and asset utilization.
Peer comparison
Dec 31, 2023