Murphy USA Inc (MUSA)
Cash conversion cycle
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 7.89 + — – —
= 7.89
The cash conversion cycle of Murphy USA Inc has shown fluctuations over the periods provided. The cycle has decreased from 6.91 days as of March 31, 2020, to 7.89 days as of December 31, 2024.
During this period, there have been ups and downs in the efficiency of converting resources into cash. Notable variations were observed with peaks of 12.34 days on December 31, 2023, and lows of 4.99 days on September 30, 2022.
Overall, Murphy USA Inc has generally managed to improve its cash conversion cycle efficiency over the years with some minor setbacks. The company has successfully reduced its days required to convert inventory and receivables into cash, indicating effective management of working capital.
Peer comparison
Dec 31, 2024