Murphy Days Of Inventory On Hand vs Net Income Per Share Analysis
MUR Stock | USD 30.27 0.27 0.88% |
Murphy Oil financial indicator trend analysis is infinitely more than just investigating Murphy Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Murphy Oil is a good investment. Please check the relationship between Murphy Oil Days Of Inventory On Hand and its Net Income Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Murphy Stock, please use our How to Invest in Murphy Oil guide.
Days Of Inventory On Hand vs Net Income Per Share
Days Of Inventory On Hand vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Murphy Oil Days Of Inventory On Hand account and Net Income Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Murphy Oil's Days Of Inventory On Hand and Net Income Per Share is 0.14. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Murphy Oil, assuming nothing else is changed. The correlation between historical values of Murphy Oil's Days Of Inventory On Hand and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Murphy Oil are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Days Of Inventory On Hand i.e., Murphy Oil's Days Of Inventory On Hand and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Days Of Inventory On Hand
Net Income Per Share
Most indicators from Murphy Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Murphy Oil 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 Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Murphy Stock, please use our How to Invest in Murphy Oil guide.At this time, Murphy Oil's Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Tax Provision is likely to grow to about 205.7 M, though Discontinued Operations is likely to grow to (2.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 237.6M | 448.1M | 1.6B | 1.7B | Cost Of Revenue | 1.5B | 1.8B | 827.3M | 786.0M |
Murphy Oil fundamental ratios Correlations
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Murphy Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Murphy Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.7B | 10.6B | 10.3B | 10.3B | 9.8B | 7.8B | |
Short Long Term Debt Total | 2.9B | 3.1B | 2.6B | 2.8B | 2.1B | 1.4B | |
Other Current Liab | 942.8M | 716.3M | 1.2B | 443.6M | 170.1M | 161.6M | |
Total Current Liabilities | 942.8M | 716.3M | 1.2B | 1.3B | 846.5M | 1.3B | |
Total Stockholder Equity | 5.4B | 4.4B | 4.3B | 5.0B | 5.4B | 3.9B | |
Property Plant And Equipment Net | 10.0B | 8.3B | 8.1B | 9.2B | 9.0B | 6.0B | |
Net Debt | 2.5B | 2.7B | 1.9B | 2.3B | 1.8B | 934.7M | |
Retained Earnings | 6.6B | 5.4B | 5.2B | 6.1B | 6.5B | 3.7B | |
Cash | 306.8M | 310.6M | 521.2M | 492M | 317.1M | 414.1M | |
Non Current Assets Total | 10.7B | 9.6B | 9.4B | 9.3B | 9.0B | 6.3B | |
Non Currrent Assets Other | 645.1M | 956.2M | 910.6M | 44.3M | 43.7M | 45.9M | |
Cash And Short Term Investments | 306.8M | 310.6M | 521.2M | 492M | 317.1M | 515.7M | |
Net Receivables | 426.7M | 262.0M | 258.2M | 391.2M | 344.0M | 617.6M | |
Common Stock Shares Outstanding | 164.8M | 153.5M | 154.3M | 157.5M | 156.6M | 189.6M | |
Liabilities And Stockholders Equity | 11.7B | 10.6B | 10.3B | 10.3B | 9.8B | 7.8B | |
Non Current Liabilities Total | 5.0B | 5.5B | 4.8B | 3.9B | 3.4B | 2.6B | |
Inventory | 76.1M | 66.1M | 54.2M | 54.5M | 54.5M | 51.7M | |
Other Stockholder Equity | (798.9M) | (569.2M) | (565.3M) | (721.1M) | (857.3M) | (814.4M) | |
Total Liab | 5.9B | 6.2B | 6.0B | 5.2B | 4.2B | 4.6B | |
Total Current Assets | 974.4M | 1.0B | 880.9M | 972.3M | 752.2M | 714.6M | |
Short Term Debt | 92.3M | 103.8M | 140.1M | 221.1M | 208.6M | 219.0M | |
Accounts Payable | 602.1M | 407.1M | 623.1M | 543.8M | 446.9M | 424.5M | |
Other Current Assets | 543.7M | 362M | 344.2M | 34.7M | 36.7M | 34.8M | |
Property Plant And Equipment Gross | 10.6B | 8.3B | 21.5B | 9.2B | 22.1B | 23.2B | |
Accumulated Other Comprehensive Income | (574.2M) | (601.3M) | (527.7M) | (534.7M) | (521.1M) | (547.2M) | |
Other Liab | 1.6B | 2.5B | 2.4B | 1.3B | 1.5B | 1.2B | |
Other Assets | 176.1M | 1.4B | 1.7M | 100K | 115K | 109.3K | |
Long Term Debt | 2.8B | 3.0B | 2.5B | 1.8B | 1.3B | 1.9B | |
Treasury Stock | (1.2B) | (1.7B) | (1.7B) | (1.7B) | (1.5B) | (1.4B) | |
Property Plant Equipment | 10.0B | 8.3B | 8.1B | 9.2B | 10.6B | 8.6B | |
Current Deferred Revenue | (694.4M) | (510.9M) | (763.2M) | (21.0M) | (18.9M) | (19.9M) | |
Net Tangible Assets | 5.5B | 4.2B | 4.3B | 5.0B | 4.5B | 4.8B | |
Noncontrolling Interest In Consolidated Entity | 368.3M | 337.2M | 179.8M | 163.5M | 188.0M | 197.4M | |
Retained Earnings Total Equity | 5.5B | 6.6B | 5.4B | 5.2B | 6.0B | 5.8B | |
Long Term Debt Total | 2.8B | 3.0B | 2.5B | 1.8B | 2.1B | 2.5B |
Pair Trading with Murphy Oil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Murphy Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Murphy Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Murphy Stock
Moving against Murphy Stock
0.56 | LB | LandBridge Company | PairCorr |
0.54 | DMLP | Dorchester Minerals | PairCorr |
0.53 | EP | Empire Petroleum Corp | PairCorr |
0.5 | VIST | Vista Oil Gas | PairCorr |
0.48 | EXE | Expand Energy Symbol Change | PairCorr |
The ability to find closely correlated positions to Murphy Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Murphy Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Murphy Oil to buy it.
The correlation of Murphy Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Murphy Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Murphy Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Murphy Stock Analysis
When running Murphy Oil's price analysis, check to measure Murphy Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Murphy Oil is operating at the current time. Most of Murphy Oil's value examination focuses on studying past and present price action to predict the probability of Murphy Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Murphy Oil's price. Additionally, you may evaluate how the addition of Murphy Oil to your portfolios can decrease your overall portfolio volatility.