Murphy USA Inc (MUSA)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 20,244,300 20,602,800 21,162,200 21,295,900 21,529,400 21,826,800 22,223,600 23,404,900 23,446,100 22,846,800 21,252,500 18,941,800 17,360,500 15,454,400 13,693,000 11,616,600 11,264,300 11,863,600 12,682,200 14,103,000
Property, plant and equipment US$ in thousands — — — — — 2,972,000 — 2,919,500 2,908,900 2,890,300 2,853,300 — 2,797,600 2,784,100 2,738,200 2,697,000 1,867,600 1,854,000 1,834,300 1,808,300
Fixed asset turnover — — — — — 7.34 — 8.02 8.06 7.90 7.45 — 6.21 5.55 5.00 4.31 6.03 6.40 6.91 7.80

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,244,300K ÷ $—K
= —

The fixed asset turnover ratio of Murphy USA Inc has shown fluctuation over the past few years, reflecting the efficiency of the company's utilization of its fixed assets to generate sales revenue. From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio consistently decreased from 7.80 to 6.21, indicating a decline in the efficiency of generating sales from fixed assets during this period.

However, there was a slight improvement in the ratio in the following quarters, reaching a peak of 8.06 by December 31, 2022. This uptrend suggests that the company may have made improvements in managing its fixed assets more effectively to generate higher sales.

The ratio remained relatively stable for the next few quarters, hovering around the 7.30 to 8.00 range, indicating a sustained level of efficiency in utilizing fixed assets to drive sales. However, there were missing data points in the analysis, which could impact the overall trend and interpretation of the fixed asset turnover ratio.

Overall, the trend of the fixed asset turnover ratio for Murphy USA Inc shows both fluctuations and periods of improvement, reflecting the company's efforts to optimize the efficiency of its fixed assets in generating sales revenue.