Murphy Oil (Murphy Oil) Days Inventory

: 11.12 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Murphy Oil's Average Total Inventories for the three months ended in Dec. 2023 was $57 Mil. Murphy Oil's Cost of Goods Sold for the three months ended in Dec. 2023 was $471 Mil. Hence, Murphy Oil's Days Inventory for the three months ended in Dec. 2023 was 11.12.

The historical rank and industry rank for Murphy Oil's Days Inventory or its related term are showing as below:

MUR' s Days Inventory Range Over the Past 10 Years
Min: 10.3 Med: 21.41 Max: 40.31
Current: 11.17

During the past 13 years, Murphy Oil's highest Days Inventory was 40.31. The lowest was 10.30. And the median was 21.41.

MUR's Days Inventory is ranked better than
77.5% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs MUR: 11.17

Murphy Oil's Days Inventory increased from Dec. 2022 (9.72) to Dec. 2023 (11.12). It might indicate that Murphy Oil's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Murphy Oil's Inventory Turnover for the three months ended in Dec. 2023 was 8.21.

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 Oil's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Murphy Oil Days Inventory Historical Data

The historical data trend for Murphy Oil's Days Inventory 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.

* Premium members only.

Murphy Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

14.77

14.75

14.42

10.78

10.30

Murphy Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																9.72	11.18	11.99	11.26	11.12

Competitive Comparison

For the Oil & Gas E&P subindustry, Murphy Oil's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Murphy Oil Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Murphy Oil's Days Inventory distribution charts can be found below:

* The bar in red indicates where Murphy Oil's Days Inventory falls into.

Murphy Oil Days Inventory Calculation

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

Murphy Oil's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (54.513	+	54.454)	/	2 )	/	1930.66	*	365
=	54.4835					/	1930.66	*	365
=	10.30

Murphy Oil's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (60.435	+	54.454)	/	2 )	/	471.451	*	365 / 4
=	57.4445					/	471.451	*	365 / 4
=	11.12

Murphy Oil (NYSE:MUR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Murphy Oil's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	471.451	/	57.4445
	=	8.21

2. 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 Oil's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.4445	/	842.27
	=	0.07

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Murphy Oil Days Inventory Related Terms

Thank you for viewing the detailed overview of Murphy Oil's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Murphy Oil (Murphy Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Murphy Oil Corp (NYSE:MUR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MUR:Mexico MUQ:Germany

Address

9805 Katy Freeway, Suite G-200, Houston, TX, USA, 77024

Website

https://www.murphyoilcorp.com

Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2022, the company reported net proved reserves of 697 million barrels of oil equivalent. Consolidated 62% oil and natural gas liquids and 38% natural gas.

Executives

Elisabeth W Keller	director	300 PEACH ST., EL DORADO AR 71730
Robert Madison Murphy	director	200 NORTH JEFFERSON SUITE 400, EL DODRADO AR 71730
John B Gardner	officer: Treasurer	200 PEACH ST, EL DORADO AR 71730
Thomas J Mireles	officer: Vice President	200 PEACH STREET, P O BOX 7000, EL DORADO AR 71730
Paul D. Vaughan	officer: Vice President & Controller	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Meenambigai Palanivelu	officer: Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Daniel R Hanchera	officer: Senior Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Eric M Hambly	officer: Executive Vice President	300 PEACH STREET, EL DORADO AR 71730
Roger W. Jenkins	officer: Executive Vice President	200 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Kelly L Whitley	officer: Vice President	200 PEACH ST., EL DORADO AR 71730
Louis W Utsch	officer: Vice President	300 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Maria A Martinez	officer: Vice President	300 PEACH STREET, EL DORADO AR 71730
T Jay Collins	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Leyster L. Jumawan	officer: Vice President & Treasurer	9805 KATY FREEWAY G-200, HOUSTON TX 77024
E Ted Botner	officer: Secretary	200 PEACH ST, EL DORADO AR 71730