Murphy USA (FRA:1MU) Total Inventories : €269 Mil (As of Mar. 2024)

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What is Murphy USA Total Inventories?

Murphy USA's total inventories for the quarter that ended in Mar. 2024 was €269 Mil. Murphy USA's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €291 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Murphy USA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-134.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Murphy USA's Days Inventory for the three months ended in Mar. 2024 was 6.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Murphy USA's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.80.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Murphy USA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Murphy USA Total Inventories Historical Data

The historical data trend for Murphy USA's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Murphy USA Total Inventories Chart

Murphy USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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204.84

229.42

258.69

301.23

312.88

Murphy USA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															283.56	322.96	314.27	312.88	269.28

Murphy USA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Murphy USA (FRA:1MU) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Murphy USA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(57.776	+	0.75 * 350.06	+	0.5 * 269.284	-	3243.368
-	0	-	0)	/	20.7177
=	-134.59

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Murphy USA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	291.082	/	4015.984	*	365 / 4
	=	6.61

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Murphy USA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	4015.984	/	291.082
	=	13.80

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Murphy USA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	291.082	/	4456.204
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Murphy USA Total Inventories Related Terms

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Murphy USA (FRA:1MU) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Murphy USA Inc (FRA:1MU) » Definitions » Total Inventories

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MUSA:USA

Address

200 Peach Street, El Dorado, AR, USA, 71730-5836

Website

https://www.murphyusa.com

Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.

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