Murphy USA Inc (MUSA)
Activity ratios
Short-term
Turnover ratios
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | 1,666.17 | — | — | — | 2,967.12 | 717.99 | 270.60 | 187.68 | 143.49 | 200.48 | 98.11 | 119.71 | 51.63 | 44.25 | 97.46 |
Murphy USA Inc's inventory turnover ratio has shown fluctuations over the past few years, indicating changes in how efficiently the company is managing its inventory. From March 31, 2020, to December 31, 2022, the inventory turnover ratio increased steadily, reaching its peak at 73.17 on September 30, 2022. However, there was a slight decline in the ratio by December 31, 2022, and a more significant decrease by December 31, 2023, and December 31, 2024.
The receivables turnover ratio for Murphy USA Inc is not available for the periods reported, suggesting that the company may not rely heavily on extending credit to customers.
Similarly, data on payables turnover is not provided, indicating that information related to how quickly the company pays its suppliers is not disclosed in the dataset.
The working capital turnover ratio shows a significant increase over the years, indicating a positive trend in generating revenue relative to the company's working capital. The ratio rose substantially from March 31, 2020, where it was 97.46, to a peak of 2967.12 on September 30, 2022. This suggests that Murphy USA Inc has been able to efficiently utilize its working capital to generate revenue during these periods.
Overall, the analysis of Murphy USA Inc's activity ratios highlights the company's management of inventory, effectiveness in working capital utilization, and lack of data on receivables and payables turnovers.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (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 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of Inventory on Hand (DOH) Analysis:
- The Days of Inventory on Hand for Murphy USA Inc has fluctuated over the years, starting at 6.91 days on March 31, 2020, and reaching a peak of 12.34 days on December 31, 2023.
- A lower DOH indicates that the company is selling its inventory faster, which can be a positive sign of efficient inventory management.
- The trend shows a decrease in DOH from December 31, 2023, to September 30, 2024, suggesting improved inventory turnover efficiency during this period.
- The current DOH of 7.89 days as of December 31, 2024, is lower than the previous year-end figures, indicating a potentially healthier inventory management strategy.
Days of Sales Outstanding (DSO) and Number of Days of Payables Analysis:
- Unfortunately, the data for both DSO and Number of Days of Payables are not available, which limits the comprehensive analysis of Murphy USA Inc's activity ratios related to accounts receivable and accounts payable turnover.
Overall Activity Ratio Analysis:
- The fluctuations in the Days of Inventory on Hand suggest that Murphy USA Inc has been actively managing its inventory levels to adapt to changing demand patterns and maintain operational efficiency.
- While the lack of DSO and Payables data hinders a complete assessment of the company's receivables and payables management, a focus on improving these ratios could further enhance the overall liquidity and working capital management of the company.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 4.46 | 4.68 | 4.78 | 4.94 | 4.81 | 5.07 | 5.29 | 5.68 | 5.69 | 5.53 | 5.04 | 4.50 | 4.29 | 3.77 | 3.44 | 2.92 | 4.19 | 4.25 | 4.43 | 5.46 |
The long-term activity ratios for Murphy USA Inc indicate how efficiently the company is utilizing its assets to generate sales over an extended period.
1. Fixed Asset Turnover:
- Murphy USA Inc's fixed asset turnover has shown fluctuating trends over the years. The ratio was at its highest in December 2022 at 8.06 and has generally remained above 5.00 since March 2020. This suggests that the company is effectively utilizing its fixed assets to generate sales, with a higher ratio indicating better efficiency.
2. Total Asset Turnover:
- The total asset turnover ratio reflects the company's overall efficiency in generating sales from all its assets. Murphy USA Inc's total asset turnover has also shown variation over time, with the ratio improving gradually from 2.92 in March 2021 to 4.46 by December 2024. This indicates that the company has been utilizing its total assets more effectively to generate revenue.
Overall, both the fixed asset turnover and total asset turnover ratios for Murphy USA Inc demonstrate consistent improvement in asset utilization efficiency over the years, which is a positive indication of the company's operational effectiveness and potential for growth.