Murphy USA Inc (MUSA)

Return on assets (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
Net income (ttm)	US$ in thousands	502,500	510,000	528,500	516,500	556,800	524,500	576,300	626,800	672,900	664,000	548,500	494,000	396,900	349,100	312,000	352,100	386,100	372,700	375,000	238,800
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
ROA		11.06%	11.58%	11.93%	11.99%	12.45%	12.18%	13.71%	15.22%	16.32%	16.06%	13.00%	11.74%	9.80%	8.53%	7.83%	8.85%	14.38%	13.37%	13.11%	9.24%

December 31, 2024 calculation

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

Murphy USA Inc's return on assets (ROA) shows the company's efficiency in generating profits from its total assets. The ROA trend over the past five years indicates fluctuations in performance. From March 31, 2020, to December 31, 2021, ROA experienced a steady increase from 9.24% to 14.38%. This was followed by a slight decrease during the first half of 2022, before picking up again in the second half of the year to reach 16.32% by December 31, 2022.

However, in the following quarters, the trend reversed as the ROA dropped back to 11.06% by December 31, 2024. Overall, Murphy USA Inc's ROA reflects a mix of positive and negative movements, with periods of growth followed by slight declines. This suggests that the company's asset utilization efficiency and profitability vary over time and may require further analysis to understand the underlying factors driving these changes.