Exxon Mobil Corp (XOM)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	10,806,000	14,667,000	11,321,000	12,166,000	13,018,000
Inventory	US$ in thousands	23,524,000	25,120,000	24,435,000	18,780,000	18,850,000
Inventory turnover		0.46	0.58	0.46	0.65	0.69

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $10,806,000K ÷ $23,524,000K
= 0.46

Based on the provided data, Exxon Mobil Corp's inventory turnover has exhibited a decreasing trend over the years. The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times the inventory is sold and replaced within a specific period.

In December 31, 2020, the inventory turnover was reported at 0.69, indicating that Exxon Mobil Corp turned over its inventory approximately 0.69 times during that year. However, this ratio decreased to 0.65 by December 31, 2021, suggesting a slightly lower efficiency in managing inventory.

The trend continued to decline with inventory turnover figures of 0.46 on December 31, 2022, and December 31, 2024. This indicates that the company took longer to sell and replenish its inventory during these years.

There was a slight improvement in inventory turnover to 0.58 by December 31, 2023, but it remained below the initial level in 2020. Overall, the decreasing trend in inventory turnover may indicate potential inefficiencies in managing inventory levels or a slower sales process for Exxon Mobil Corp.