Murphy USA Inc (MUSA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 46.26 | 43.15 | 32.83 | 34.88 | 29.58 | 43.66 | 56.87 | 69.28 | 65.95 | 73.17 | 60.88 | 63.64 | 53.07 | 47.63 | 39.01 | 35.84 | 35.19 | 38.97 | 43.72 | 52.80 | |
| DOH | days | 7.89 | 8.46 | 11.12 | 10.47 | 12.34 | 8.36 | 6.42 | 5.27 | 5.53 | 4.99 | 6.00 | 5.73 | 6.88 | 7.66 | 9.36 | 10.18 | 10.37 | 9.37 | 8.35 | 6.91 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 46.26
= 7.89
To analyze Murphy USA Inc's days of inventory on hand (DOH) over the given periods, we observe the following trends:
- The DOH ranged from a low of 4.99 days on September 30, 2022, to a high of 12.34 days on December 31, 2023.
- There was a general decreasing trend in DOH from the end of 2023 to mid-2024, reaching a low of 7.89 days on December 31, 2024.
- A notable decrease was observed between March 31, 2023, and June 30, 2023, followed by an increase from September 30, 2023, to December 31, 2023.
- The DOH fluctuated between 5 to 10 days during the earlier years but showed more variability in the latter years, indicating potential changes in inventory management practices.
In conclusion, Murphy USA Inc's management of inventory has shown fluctuations in DOH over the analyzed periods, with efforts towards reducing inventory levels evident in the latter half of the timeframe. This metric reflects the company's efficiency in managing inventory levels and may provide insights into its working capital management and overall operational effectiveness.
Peer comparison
Dec 31, 2024