Exxon Mobil Corp (XOM)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	349,585,000	344,582,000	413,680,000	285,640,000	181,502,000
Property, plant and equipment	US$ in thousands	294,318,000	214,940,000	204,692,000	216,552,000	227,553,000
Fixed asset turnover		1.19	1.60	2.02	1.32	0.80

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $349,585,000K ÷ $294,318,000K
= 1.19

The fixed asset turnover ratio for Exxon Mobil Corp has shown varying trends over the years, reflecting the efficiency with which the company is utilizing its fixed assets to generate revenue. In December 2020, the ratio was 0.80, indicating that the company generated $0.80 in revenue for every dollar invested in fixed assets.

However, there was a notable improvement in the ratio by December 2021, reaching 1.32, suggesting that the company improved its efficiency in generating revenue from its fixed assets. This positive trend continued into December 2022, with the fixed asset turnover ratio further increasing to 2.02, indicating a significant enhancement in asset utilization.

In December 2023, the ratio slightly decreased to 1.60, but it still remained above the levels seen in previous years, indicating continued efficiency in utilizing fixed assets. The ratio then decreased to 1.19 by December 2024, although it was still higher than the initial ratio in 2020.

Overall, the fluctuation in the fixed asset turnover ratio suggests that Exxon Mobil Corp has made efforts to improve the efficiency of its fixed asset utilization over the years. The company should continue to monitor and optimize this ratio to ensure effective management of its fixed assets in the future.