Exxon Mobil Corp (XOM)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 14,667,000 | 11,321,000 | 12,166,000 | 13,018,000 | 13,382,000 |
| Inventory | US$ in thousands | 25,120,000 | 24,435,000 | 18,780,000 | 18,850,000 | 18,528,000 |
| Inventory turnover | 0.58 | 0.46 | 0.65 | 0.69 | 0.72 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $14,667,000K ÷ $25,120,000K
= 0.58
Based on the data presented for Exxon Mobil Corp.'s inventory turnover for the past five years, it appears that the company has reported a consistent inventory turnover ratio of 0.00. This suggests that Exxon Mobil has not effectively managed its inventory levels in a way that maximizes sales or production efficiency. A low or zero inventory turnover ratio may indicate excess inventory, obsolete goods, or inefficiencies in the supply chain and production process. It could also suggest that the company is having difficulty converting its inventory into sales within a specific period.
Further analysis and investigation into the reasons behind the consistently low inventory turnover ratio would be necessary to identify and address potential operational issues and improve inventory management practices within Exxon Mobil Corp.
Peer comparison
Dec 31, 2023