Murphy USA Inc (MUSA)

Operating return on assets (Operating ROA)

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
Operating income (ttm) US$ in thousands 743,900 762,100 787,800 768,000 826,000 782,300 846,900 910,500 968,400 955,800 802,200 730,100 604,000 535,500 477,500 522,800 559,000 540,100 560,500 380,700
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
Operating ROA 16.38% 17.31% 17.78% 17.83% 18.47% 18.17% 20.14% 22.10% 23.49% 23.11% 19.02% 17.36% 14.92% 13.08% 11.98% 13.13% 20.81% 19.37% 19.59% 14.74%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $743,900K ÷ $4,541,600K
= 16.38%

Murphy USA Inc's operating return on assets (operating ROA) has shown fluctuating trends over the analysed periods. The ratio started at 14.74% in March 2020, increased to 23.49% by December 2022, and then exhibited a decreasing trend to 16.38% by December 2024. This indicates that the company's operating performance in generating profits from its assets improved significantly over the initial years and then faced some decline towards the end of the period. Overall, Murphy USA Inc's operating ROA performance demonstrated both growth and contraction, suggesting a need for further analysis to understand the factors influencing this trend.