Exxon Mobil Corp (XOM)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 349,585,000 | 350,503,000 | 351,247,000 | 341,101,000 | 344,582,000 | 355,667,000 | 376,977,000 | 409,744,000 | 413,680,000 | 403,216,000 | 364,932,000 | 316,993,000 | 285,640,000 | 247,215,000 | 219,628,000 | 184,491,000 | 181,502,000 | 202,135,000 | 220,985,000 | 257,471,000 |
| Property, plant and equipment | US$ in thousands | 294,318,000 | 299,543,000 | 298,283,000 | 213,723,000 | 214,940,000 | 205,862,000 | 206,736,000 | 206,023,000 | 204,692,000 | 203,102,000 | 209,159,000 | 212,773,000 | 216,552,000 | 218,795,000 | 223,012,000 | 224,641,000 | 227,553,000 | 250,496,000 | 250,524,000 | 248,409,000 |
| Fixed asset turnover | 1.19 | 1.17 | 1.18 | 1.60 | 1.60 | 1.73 | 1.82 | 1.99 | 2.02 | 1.99 | 1.74 | 1.49 | 1.32 | 1.13 | 0.98 | 0.82 | 0.80 | 0.81 | 0.88 | 1.04 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $349,585,000K ÷ $294,318,000K
= 1.19
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investments in fixed assets. Specifically, it indicates how well a company is utilizing its fixed assets to generate revenue.
Analyzing the fixed asset turnover of Exxon Mobil Corp over the period from March 31, 2020, to December 31, 2024, reveals fluctuations in the ratio. The ratio started at 1.04 in March 2020, indicating that Exxon Mobil was generating $1.04 in sales for every $1 invested in fixed assets. The ratio then decreased to 0.88 in June 2020 and continued to decline to 0.80 by December 2020, suggesting a decrease in the efficiency of utilizing fixed assets to generate revenue during that period.
However, the trend improved from March 2021 onwards, with the fixed asset turnover ratio showing an upward trajectory. The ratio increased to 2.02 by December 31, 2022, indicating that Exxon Mobil was generating $2.02 in sales for every $1 invested in fixed assets, showcasing a significant improvement in asset utilization efficiency.
Subsequently, the ratio fluctuated between 1.60 and 1.99 from March 2023 to June 2024, indicating some variability in the efficiency of utilizing fixed assets during that period.
Overall, the trend of Exxon Mobil Corp's fixed asset turnover ratio shows initial declines followed by a significant improvement, albeit with some fluctuations in the later periods. This suggests that the company has made efforts to enhance the utilization of its fixed assets to generate sales revenue efficiently.
Peer comparison
Dec 31, 2024