Murphy USA Inc (MUSA)

Working capital 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 current assets US$ in thousands 748,100 826,500 726,800 767,800 625,200
Total current liabilities US$ in thousands 947,900 872,800 854,200 675,300 531,100
Working capital turnover — — — 187.68 119.71

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $20,244,300K ÷ ($748,100K – $947,900K)
= —

The working capital turnover ratio for Murphy USA Inc has shown a positive trend over the years. In December 2020, the ratio stood at a significant 119.71, indicating that the company efficiently converted its working capital into revenue during that period.

By December 2021, the ratio had increased even further to 187.68, reflecting a potential improvement in the management of its working capital assets. However, the lack of data for the years 2022, 2023, and 2024 prevents a comprehensive analysis of the consistent performance of Murphy USA Inc in this aspect.

Overall, based on the available data, it can be inferred that Murphy USA Inc has been effectively utilizing its working capital to generate revenue, showcasing operational efficiency in the conversion of current assets into sales.