Murphy USA Inc (MUSA)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 747,100 | 763,800 | 788,000 | 770,300 | 829,400 | 785,700 | 850,400 | 911,400 | 967,700 | 954,500 | 800,900 | 729,700 | 612,700 | 545,400 | 487,500 | 531,600 | 559,000 | 540,500 | 561,200 | 383,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 88.93% | 92.01% | 97.13% | 98.55% | 100.06% | 93.08% | 113.27% | 127.15% | 151.04% | 124.61% | 105.01% | 92.19% | 75.90% | 66.13% | 64.32% | 68.10% | 71.29% | 60.34% | 61.13% | 51.29% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $747,100K ÷ ($—K + $840,100K)
= 88.93%
Murphy USA Inc's return on total capital has shown a fluctuating trend over the past few years, starting at 51.29% in March 2020 and reaching a peak of 151.04% in December 2022. However, the ratio decreased in the subsequent periods, dropping to 88.93% by December 2024. This suggests that the company has been able to generate significant returns relative to the total capital invested, but the ratio has shown some volatility in recent periods.
Analyzing the data more closely, it is evident that there have been periods of strong performance, such as in December 2022 when the return on total capital peaked. However, the ratio has since declined, indicating that the company may be facing challenges in sustaining high levels of return on total capital.
Overall, it is important for investors and stakeholders to monitor this ratio closely to assess the efficiency of Murphy USA Inc's capital utilization and to evaluate the company's ability to generate returns from the total capital invested.
Peer comparison
Dec 31, 2024