MUR (Murphy Oil) ROCE % : 7.87% (As of Sep. 2024)

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What is Murphy Oil ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Murphy Oil's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.87%.

Murphy Oil ROCE % Historical Data

The historical data trend for Murphy Oil's ROCE % 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 ROCE % Chart

Murphy Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.24

-13.34

2.78

17.60

11.50

Murphy Oil Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															16.92	8.60	7.46	9.45	7.87

Murphy Oil ROCE % Calculation

Murphy Oil's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1033.442	/	( ( (10308.952 - 1257.834)	+	(9766.697 - 846.545) )	/ 2 )
	=	1033.442	/	( (9051.118	+	8920.152)	/ 2 )
	=	1033.442	/	8985.635
	=	11.50 %

Murphy Oil's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	700.4	/	( ( (9893.718 - 927.632)	+	(9716.419 - 884.833) )	/ 2 )
	=	700.4	/	( ( 8966.086	+	8831.586 )	/ 2 )
	=	700.4	/	8898.836
	=	7.87 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Murphy Oil (NYSE:MUR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Murphy Oil ROCE % Related Terms

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Murphy Oil Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MUR:Mexico 0K3S:UK MUQ:Germany

Address

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

Website

https://www.murphyoilcorp.com

Murphy Oil Corp is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.

Executives

Maria A Martinez	officer: Vice President	300 PEACH STREET, EL DORADO AR 71730
John B Gardner	officer: Treasurer	200 PEACH ST, EL DORADO AR 71730
Paul D. Vaughan	officer: Vice President & Controller	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Daniel R Hanchera	officer: Senior Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Roger W. Jenkins	officer: Executive Vice President	200 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Thomas J Mireles	officer: Vice President	200 PEACH STREET, P O BOX 7000, EL DORADO AR 71730
Louis W Utsch	officer: Vice President	300 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Elisabeth W Keller	director	300 PEACH ST., EL DORADO AR 71730
Robert Madison Murphy	director	200 NORTH JEFFERSON SUITE 400, EL DODRADO AR 71730
Meenambigai Palanivelu	officer: Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Eric M Hambly	officer: Executive Vice President	300 PEACH STREET, EL DORADO AR 71730
Kelly L Whitley	officer: Vice President	200 PEACH ST., 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