Murphy Total Operating Expenses vs Income Tax Expense Analysis
| MUSA Stock | USD 412.67 10.11 2.51% |
Murphy USA financial indicator trend analysis is infinitely more than just investigating Murphy USA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Murphy USA is a good investment. Please check the relationship between Murphy USA Total Operating Expenses and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.
Total Operating Expenses vs Income Tax Expense
Total Operating Expenses vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Murphy USA Total Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between Murphy USA's Total Operating Expenses and Income Tax Expense is 0.33. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Murphy USA, assuming nothing else is changed. The correlation between historical values of Murphy USA's Total Operating Expenses and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Murphy USA are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Operating Expenses i.e., Murphy USA's Total Operating Expenses and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.33 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Income Tax Expense
Most indicators from Murphy USA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Murphy USA current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.As of May 8, 2024, Selling General Administrative is expected to decline to about 186.7 M. In addition to that, Discontinued Operations is expected to decline to about 31.5 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 82.4M | 85.3M | 98.5M | 103.4M | Depreciation And Amortization | 221.8M | 217.5M | 228.7M | 139.7M |
Murphy USA fundamental ratios Correlations
Click cells to compare fundamentals
Murphy USA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Murphy USA fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.7B | 2.7B | 4.0B | 4.1B | 4.5B | 2.7B | |
| Other Current Liab | 185.4M | 8.8M | 660.3M | (4.3M) | 292.3M | 192.7M | |
| Total Current Liabilities | 505M | 531.1M | 675.3M | 854.2M | 872.8M | 591.1M | |
| Total Stockholder Equity | 803M | 784.1M | 807.2M | 640.7M | 828.9M | 835.8M | |
| Other Liab | 261.4M | 253.5M | 356.7M | 392.2M | 451.0M | 473.6M | |
| Net Tangible Assets | 803M | 784.1M | 338.5M | 500.3M | 575.3M | 697.6M | |
| Retained Earnings | 1.4B | 1.7B | 2.1B | 2.8B | 3.3B | 3.4B | |
| Accounts Payable | 280.8M | 471.1M | 660.3M | 547.6M | 520.3M | 468.5M | |
| Cash | 280.3M | 163.6M | 256.4M | 60.5M | 117.8M | 173.3M | |
| Other Assets | 44.9M | 2.1B | 14.1M | 14.7M | 16.9M | 16.1M | |
| Long Term Debt | 999.3M | 951.2M | 1.8B | 1.8B | 1.8B | 1.9B | |
| Net Receivables | 172.9M | 168.8M | 195.7M | 281.7M | 336.7M | 240.2M | |
| Retained Earnings Total Equity | 1.4B | 1.7B | 2.1B | 2.8B | 3.2B | 3.3B | |
| Common Stock Shares Outstanding | 31.9M | 29.5M | 26.6M | 24.0M | 21.8M | 29.7M | |
| Inventory | 227.6M | 279.1M | 292.3M | 319.1M | 341.2M | 228.7M | |
| Other Current Assets | 30M | 13.7M | 23.4M | 47.6M | 23.7M | 25.6M | |
| Other Stockholder Equity | (561.1M) | (957.6M) | (1.3B) | (2.1B) | (2.4B) | (2.3B) | |
| Total Liab | 1.9B | 1.9B | 3.2B | 3.5B | 3.6B | 1.9B | |
| Short Long Term Debt | 21.2M | 38.8M | 51.2M | 15M | 13.5M | 12.8M | |
| Total Current Assets | 710.8M | 625.2M | 767.8M | 726.8M | 826.5M | 673.8M | |
| Accumulated Other Comprehensive Income | 700K | (1.9M) | (1.2M) | (500K) | (575K) | (603.8K) | |
| Treasury Stock | (940.3M) | (1.1B) | (1.5B) | (1.8B) | (1.7B) | (1.6B) | |
| Short Term Debt | 21.2M | 38.8M | 51.2M | 15M | 37.1M | 42.4M | |
| Property Plant Equipment | 1.8B | 1.9B | 2.8B | 2.9B | 3.3B | 1.7B | |
| Short Long Term Debt Total | 1.0B | 1.0B | 2.2B | 2.3B | 2.3B | 2.4B | |
| Property Plant And Equipment Net | 1.8B | 1.9B | 2.8B | 2.9B | 3.0B | 2.0B | |
| Current Deferred Revenue | (173.9M) | (182M) | (660.3M) | 295.9M | 23.1M | 24.3M | |
| Net Debt | 757.8M | 838.8M | 2.0B | 2.2B | 2.2B | 2.3B | |
| Non Current Assets Total | 2.0B | 2.1B | 3.3B | 3.4B | 3.6B | 2.2B | |
| Non Currrent Assets Other | 169.1M | (25.5M) | 14.1M | (312.7M) | 17.5M | 18.4M | |
| Cash And Short Term Investments | 280.3M | 163.6M | 256.4M | 78.4M | 124.9M | 188.7M | |
| Liabilities And Stockholders Equity | 2.7B | 2.7B | 4.0B | 4.1B | 4.5B | 2.9B | |
| Non Current Liabilities Total | 1.4B | 1.4B | 2.6B | 2.6B | 2.8B | 2.9B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Is Murphy USA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Murphy USA. If investors know Murphy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Murphy USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 1.6 | Earnings Share 23.81 | Revenue Per Share 893.186 | Quarterly Revenue Growth (0.06) |
The market value of Murphy USA is measured differently than its book value, which is the value of Murphy that is recorded on the company's balance sheet. Investors also form their own opinion of Murphy USA's value that differs from its market value or its book value, called intrinsic value, which is Murphy USA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Murphy USA's market value can be influenced by many factors that don't directly affect Murphy USA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Murphy USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Murphy USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Murphy USA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.