Murphy USA Inc (MUSA)

Working capital 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 current assets US$ in thousands 748,100 689,100 820,100 767,700 826,500 840,300 763,200 711,300 726,800 763,200 882,300 910,800 767,800 826,600 764,700 793,400 625,200 743,200 840,300 602,600
Total current liabilities US$ in thousands 947,900 858,800 970,700 884,700 872,800 827,200 815,300 772,000 854,200 755,500 852,700 840,800 675,300 718,900 696,400 675,000 531,100 513,400 553,700 457,900
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

December 31, 2024 calculation

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

The working capital turnover ratio reflects how efficiently a company utilizes its working capital to generate sales revenue. In the case of Murphy USA Inc, the working capital turnover has shown fluctuating trends over the analyzed period.

From March 31, 2020, to June 30, 2021, the working capital turnover ranged between 44.25 to 200.48, indicating some variability in how efficiently the company was utilizing its working capital during this time frame. Notably, there was a significant increase in the working capital turnover from June 30, 2021, to September 30, 2022, where the ratio surged from 143.49 to 2,967.12, pointing towards potentially improved efficiency in working capital management.

However, it is important to note that the working capital turnover ratio of Murphy USA Inc experienced missing data points from December 31, 2022, onwards, which limits the ability to provide a comprehensive analysis of the trend beyond that point.

Overall, fluctuations in the working capital turnover ratio of Murphy USA Inc suggest varying levels of efficiency in utilizing its working capital to generate sales over the analyzed period. It is essential for stakeholders to monitor these trends closely to assess the company's effectiveness in managing its working capital resources.