Exxon Mobil Corp (XOM)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		0.23	0.35	0.25	0.32	0.51
Number of days of payables	days	1,599.10	1,053.54	1,439.33	1,139.61	710.40

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.23
= 1,599.10

Exxon Mobil Corp's number of days of payables has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The number of days of payables increased significantly from 710.40 days in 2020 to 1,599.10 days in 2024. This indicates that the company took longer to pay its suppliers and vendors in 2024 compared to 2020. The year 2022 recorded the highest number of days of payables at 1,439.33 days, suggesting a prolonged payment cycle during that period. Overall, the increasing trend in the number of days of payables may imply potential liquidity issues or changes in the company's payment policies that have impacted its working capital management during the analyzed period.