Murphy Oil (Murphy Oil) Total Inventories

: $54 Mil (As of Dec. 2023)

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Murphy Oil's total inventories for the quarter that ended in Dec. 2023 was $54 Mil. Murphy Oil's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $57 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Murphy Oil's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-24.89.

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 three months ended in Dec. 2023 was 11.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Murphy Oil's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.07.

Murphy Oil Total Inventories Historical Data

The historical data trend for Murphy Oil'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 Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

76.12

66.08

54.20

54.51

54.45

Murphy Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																54.51	63.54	62.45	60.44	54.45

Murphy Oil 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 Oil (NYSE:MUR) 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 Oil's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(317.074	+	0.75 * 343.992	+	0.5 * 54.454	-	4217.044
-	0	-	186.859)	/	152.749
=	-24.89

2. 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 three months ended in Dec. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	471.451	/	57.4445
	=	8.21

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 Oil's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	57.4445	/	842.27
	=	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 Oil Total Inventories Related Terms

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Murphy Oil (Murphy Oil) Business Description

Industry

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

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