Murphy USA Inc (MUSA)

Total 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
Total assets	US$ in thousands	4,541,600	4,402,400	4,429,900	4,307,000	4,472,100	4,305,300	4,204,800	4,119,200	4,123,200	4,135,100	4,217,800	4,206,200	4,048,200	4,094,300	3,986,100	3,980,600	2,685,700	2,788,200	2,860,700	2,583,400
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,244,300K ÷ $4,541,600K
= 4.46

The total asset turnover for Murphy USA Inc has shown some fluctuations over the period analyzed. It ranged from a high of 5.69 in December 2022 to a low of 2.92 in March 2021. The metric measures the efficiency of the company in generating sales from its assets. Higher values indicate that the company is able to generate more revenue per dollar of assets.

Overall, the total asset turnover has generally been on an upward trend, starting from the lower levels in early 2021 and peaking in the latter half of 2023. This signifies improved efficiency in asset utilization during this period.

However, towards the end of 2024, there was a slight decline in the total asset turnover, dropping to 4.46 in December 2024. This could suggest a potential decrease in sales generated per dollar of assets, which may warrant further investigation into the company’s operational performance and asset management strategies.