Exxon Mobil Corp (XOM)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,806,000 | 14,291,000 | 14,617,000 | 14,628,000 | 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 |
| 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 | — | — | — | 0.31 | — | — | — | 0.51 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,806,000K ÷ $47,342,000K
= 0.23
Payables turnover is a financial ratio that measures how efficiently a company manages its payments to suppliers. A higher payables turnover ratio indicates that a company is paying its suppliers more frequently within a given period.
Analyzing Exxon Mobil Corp's payables turnover data from the provided json:
- The payables turnover for December 31, 2020, was 0.51. This suggests that for that period, Exxon Mobil was paying its suppliers approximately once every 0.51 times per year.
- The payables turnover decreased to 0.31 by December 31, 2021, indicating a potential decrease in the frequency of payments to suppliers compared to the previous year.
- Subsequently, the payables turnover further decreased to 0.25 by December 31, 2022, and then increased slightly to 0.35 by December 31, 2023. These lower ratios suggest that Exxon Mobil may be taking longer to pay its suppliers.
- The payables turnover then dropped to 0.23 by December 31, 2024, indicating a further potential slowdown in payment frequency.
Overall, the decreasing trend in payables turnover ratios for Exxon Mobil Corp from 2020 to 2024 may suggest a shift towards longer payment periods to suppliers, which could impact relationships with vendors and have implications for working capital management. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Exxon Mobil's payables management.
Peer comparison
Dec 31, 2024