Exxon Mobil Corp (XOM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		0.46	0.60	0.60	0.62	0.58	0.47	0.47	0.48	0.46	0.49	0.50	0.52	0.63	0.60	0.61	0.51	0.69	0.73	0.69	0.99
DOH	days	794.58	609.78	611.86	586.15	625.13	775.95	781.60	759.56	787.81	748.51	735.21	699.26	575.83	612.25	595.46	716.30	532.49	500.81	528.26	368.30

December 31, 2024 calculation

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

The days of inventory on hand (DOH) for Exxon Mobil Corp have shown some fluctuation over the reporting periods provided. The trend indicates that the company has experienced a significant increase in DOH from March 31, 2020, to a peak of 794.58 days on December 31, 2024. This increase suggests that Exxon Mobil Corp may have been carrying excess inventory relative to its sales during this period.

However, it is important to note that a high DOH can sometimes indicate inefficiencies in inventory management, potentially tying up cash flow and increasing carrying costs. On the other hand, a low DOH could suggest potential stockouts or missed sales opportunities.

Further investigation into the reasons behind the fluctuations in DOH is warranted to assess the effectiveness of Exxon Mobil Corp's inventory management strategies and to determine whether adjustments need to be made to optimize inventory levels.