Murphy USA Inc (MUSA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	840,100	830,100	811,300	781,600	828,900	844,100	750,800	716,800	640,700	766,000	762,700	791,500	807,200	824,800	757,900	780,600	784,100	895,700	918,000	746,800
ROE		59.81%	61.44%	65.14%	66.08%	67.17%	62.14%	76.76%	87.44%	105.03%	86.68%	71.92%	62.41%	49.17%	42.33%	41.17%	45.11%	49.24%	41.61%	40.85%	31.98%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $502,500K ÷ $840,100K
= 59.81%

Murphy USA Inc's return on equity (ROE) has shown a fluctuating trend over the past few years. The ROE increased steadily from March 2020 to December 2022, reaching significant highs of 105.03% by the end of December 2022. This indicated that the company was generating strong returns on the equity invested in the business during this period.

However, starting from March 2023, there was a notable decline in ROE, dropping to 62.14% by September 2023. This downward trend continued into December 2024, where the ROE further decreased to 59.81%. This decline in ROE suggests that the company may have experienced challenges in maintaining or improving its profitability relative to the equity available to shareholders.

Overall, while Murphy USA Inc experienced a period of robust ROE performance, the subsequent decline in profitability metrics indicates a potential need for the company to focus on improving its efficiency in generating returns on shareholder equity in the coming periods.