Exxon Mobil Corp (XOM)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	14,667,000	11,501,000	11,324,000	11,361,000	11,321,000	11,750,000	11,709,000	11,576,000	11,904,000	11,689,000	11,815,000	9,354,000	12,921,000	13,035,000	13,582,000	16,353,000	12,711,000	12,936,000	12,718,000	12,884,000
Payables	US$ in thousands	42,335,000	—	—	—	44,643,000	—	—	—	37,985,000	—	—	—	25,337,000	—	—	—	31,705,000	—	—	—
Payables turnover		0.35	—	—	—	0.25	—	—	—	0.31	—	—	—	0.51	—	—	—	0.40	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $14,667,000K ÷ $42,335,000K
= 0.35

The payables turnover ratio for Exxon Mobil Corp. is missing for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. This indicates that the company did not provide sufficient information in its financial statements to calculate the payables turnover ratio for these periods. In the previous periods of Q4 2022, Q3 2022, Q2 2022, and Q1 2022, the payables turnover ratio was 0.00. This suggests that Exxon Mobil Corp. is not effectively managing its accounts payable turnover and may have a longer payment cycle for its creditors. It is important for the company to closely monitor and improve its payables turnover ratio to optimize its working capital management and maintain healthy relationships with its suppliers.