Exxon Mobil Corp (XOM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		0.46	0.58	0.46	0.65	0.69
DOH	days	794.58	625.13	787.81	563.43	528.52

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.46
= 794.58

Exxon Mobil Corp's days of inventory on hand (DOH) trend shows some fluctuations over the years. The DOH was 528.52 days as of December 31, 2020, increased to 563.43 days by December 31, 2021, and then exhibited a significant rise to 787.81 days by December 31, 2022. Subsequently, it decreased to 625.13 days as of December 31, 2023, and again increased to 794.58 days by December 31, 2024.

The rising trend in DOH from 2020 to 2022 could indicate potential issues like overstocking, slow inventory turnover, or challenges in demand forecasting. However, the subsequent decrease in 2023 followed by another increase in 2024 may suggest adjustments made to manage inventory levels more efficiently.

Overall, Exxon Mobil Corp's DOH trend warrants further investigation into the factors driving these fluctuations, such as production efficiency, demand projections, or supply chain management, to optimize inventory levels and enhance operational performance.