Murphy USA Inc (MUSA)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	502,500	556,800	672,900	396,900	386,100
Total assets	US$ in thousands	4,541,600	4,340,100	4,123,200	4,048,200	2,685,700
ROA		11.06%	12.83%	16.32%	9.80%	14.38%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $502,500K ÷ $4,541,600K
= 11.06%

Based on the provided data, Murphy USA Inc's Return on Assets (ROA) has shown some fluctuations over the years. The ROA for the fiscal year ending December 31, 2020, was relatively high at 14.38%, indicating that the company generated $0.1438 in net income for every dollar of assets it had.

However, there was a decline in ROA in the subsequent year, as it dropped to 9.80% by December 31, 2021, signaling a decrease in the company's efficiency in utilizing its assets to generate profits.

The ROA bounced back in the following year to reach 16.32% by December 31, 2022, showing improved profitability relative to the assets employed. This increase may suggest better asset management strategies or higher profitability ratios within the company.

In the years 2023 and 2024, the ROA figures were 12.83% and 11.06%, respectively. Although these values were lower than the peak in 2022, they still indicate that Murphy USA Inc continued to generate healthy returns from its asset base during these periods.

Overall, while there have been fluctuations in Murphy USA Inc's ROA over the years, the company has generally demonstrated solid efficiency in utilizing its assets to generate profits, with varying levels of performance in different years. Further analysis would be beneficial to pinpoint the specific factors driving these fluctuations in ROA.