Murphy USA Inc (MUSA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,244,300 | 21,529,400 | 23,446,100 | 17,360,500 | 11,264,300 |
| Total assets | US$ in thousands | 4,541,600 | 4,340,100 | 4,123,200 | 4,048,200 | 2,685,700 |
| Total asset turnover | 4.46 | 4.96 | 5.69 | 4.29 | 4.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,244,300K ÷ $4,541,600K
= 4.46
Total asset turnover is an important financial ratio that indicates how efficiently a company utilizes its assets to generate revenue. In the case of Murphy USA Inc, the total asset turnover has exhibited fluctuating trends over the past five years.
Starting at 4.19 in December 31, 2020, the total asset turnover increased to 4.29 by December 31, 2021, suggesting a slight improvement in the company's asset utilization efficiency. This trend continued as the ratio further spiked to 5.69 by December 31, 2022, indicating a significant increase in the company's ability to generate revenue from its assets.
However, in the subsequent years, there was a decline in total asset turnover for Murphy USA Inc. By December 31, 2023, the ratio dropped to 4.96, signaling a decrease in asset utilization efficiency compared to the previous year. This downward trend continued into December 31, 2024, where the total asset turnover decreased further to 4.46.
Overall, although there were fluctuations in the total asset turnover of Murphy USA Inc over the five-year period, the company generally demonstrated efficient asset utilization, particularly highlighted by the significant increase in 2022. However, the recent decline in total asset turnover may warrant further analysis to identify any underlying factors impacting the company's asset efficiency.
Peer comparison
Dec 31, 2024