Exxon Mobil Corp (XOM)

Payables 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
Payables	US$ in thousands	47,342,000	42,335,000	44,643,000	37,985,000	25,337,000
Payables turnover		0.23	0.35	0.25	0.32	0.51

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $10,806,000K ÷ $47,342,000K
= 0.23

The payables turnover ratio for Exxon Mobil Corp has been showing a declining trend over the years. It decreased from 0.51 in December 2020 to 0.23 in December 2024. This downward trend indicates that the company is taking longer to pay off its suppliers compared to previous years. A lower payables turnover ratio could suggest potential liquidity issues or inefficiencies in managing payables. Exxon Mobil may want to review its payment processes and supplier relationships to improve this ratio and enhance its overall financial performance.