What does rins — collection period mean?

The average time it takes to receive payment after selling renewable fuel credits.

How do you interpret rins — collection period?

A shorter period indicates efficient cash conversion and strong counterparty relationships, whereas a lengthening period may signal potential credit risks or administrative delays in the settlement process.

How does rins — collection period compare across companies?

Comparable to accounts receivable turnover or cash conversion cycle metrics for specialized commodity or regulatory credit trading segments.

Murphy USA MUSA RINs — Collection period

Discontinued — last reported Q1 '21

Similar metrics at other companies

DINORIN — Sales and other revenues (Note 3)

$76M-29.3%

DINORenewables — Lower of cost or market inventory valuation adjustments

-$68M-6,700%

NTRAProduct revenues — Approximate percentage of revenue collected within 9 months

90%0.0pp

RRXCash collections from accounts receivable securitization

$323.3M—

NDAQTrade Management Services — Renewal fee, recognition period

0—

VMI

VMIRenewable Energy — Revenue

$23.62M-33.5%

Other financials

Income statement

See full

Revenue$4.8B+6.5%

Operating income$205.2M+133%

Net income$136.3M+156%

EPS (diluted)$7.28+177%

Balance sheet

See full

Cash & equivalents$118.6M+140%

Total debt$2.8B+7.8%

Total equity$658.7M-8.5%

Total assets$4.9B+8.1%

Cash flow

See full

Operating cash flow$320.0M+149%

CapEx$98.3M+12.0%

Free cash flow$221.7M+445%

Valuation

See full

Market cap$10.18B-1.7%

Enterprise value$12.9B-0.2%

P/E18.4×-2.8×

P/S0.5×0.0×

Profitability

See full

Gross margin85.4%—

Operating margin4.2%+0.6pp

Net margin2.8%+0.4pp

FCF margin2.8%+1.0pp

Returns & leverage

See full

Return on equity80.3%+15.1pp

Debt / equity4.3×+0.6×

Current ratio0.8×0.0×

Where this comes from

Reported directly by Murphy USA in its filing.

Tagged under the XBRL concept musa:ContractwithCustomerReceivablesCollectionPeriod.

The official record: Murphy USA’s 10-Q, filed April 29, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does rins — collection period mean?: The average time it takes to receive payment after selling renewable fuel credits.
How do you interpret rins — collection period?: A shorter period indicates efficient cash conversion and strong counterparty relationships, whereas a lengthening period may signal potential credit risks or administrative delays in the settlement process.
How does rins — collection period compare across companies?: Comparable to accounts receivable turnover or cash conversion cycle metrics for specialized commodity or regulatory credit trading segments.