Exxon Mobil Corp (XOM)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	0.46	0.60	0.60	0.62	0.58	0.47	0.47	0.48	0.46	0.49	0.50	0.52	0.63	0.60	0.61	0.51	0.69	0.73	0.69	0.99
Receivables turnover	8.00	8.44	8.16	8.45	9.06	8.51	10.50	10.56	9.91	9.51	7.59	7.52	8.82	8.38	7.70	7.45	8.82	10.12	11.61	12.34
Payables turnover	0.23	—	—	—	0.35	—	—	—	0.25	—	—	—	0.31	—	—	—	0.51	—	—	—
Working capital turnover	16.12	14.39	13.79	12.42	11.01	11.87	12.59	13.41	14.47	15.98	27.96	61.01	113.76	—	—	—	—	—	—	—

Inventory Turnover:

Exxon Mobil Corp's inventory turnover has gradually decreased from 0.99 in March 2020 to 0.46 in December 2024. This indicates a decline in the company's efficiency in managing its inventory, resulting in a longer time to sell its products.

Receivables Turnover:

The receivables turnover ratio for Exxon Mobil Corp has fluctuated over the years, ranging from a high of 12.34 in March 2020 to a low of 7.45 in March 2021. The decreasing trend in receivables turnover may imply that the company is taking longer to collect payments from its customers.

Payables Turnover:

Exxon Mobil Corp's payables turnover ratio has shown a decreasing trend from 0.51 in December 2020 to 0.23 in December 2024. This suggests that the company is taking longer to pay its creditors, which could indicate a strain on its liquidity or potential issues with cash flow management.

Working Capital Turnover:

The working capital turnover ratio for Exxon Mobil Corp was not calculable for the earlier periods but has shown a decreasing trend since December 2021, reaching 16.12 in December 2024. This decrease may indicate a lower efficiency in generating revenue relative to the amount of working capital employed.

In summary, Exxon Mobil Corp's activity ratios suggest declining efficiency in managing inventory, collecting receivables, paying its obligations, and utilizing working capital effectively over the years. These trends warrant further analysis to understand the underlying factors impacting the company's operational performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	794.58	609.78	611.86	586.15	625.13	775.95	781.60	759.56	787.81	748.51	735.21	699.26	575.83	612.25	595.46	716.30	532.49	500.81	528.26	368.30
Days of sales outstanding (DSO)	days	45.61	43.22	44.76	43.19	40.27	42.91	34.77	34.57	36.84	38.39	48.07	48.52	41.38	43.58	47.43	48.98	41.39	36.07	31.44	29.59
Number of days of payables	days	1,599.10	—	—	—	1,053.54	—	—	—	1,439.33	—	—	—	1,164.69	—	—	—	715.73	—	—	—

Based on the provided data, we can analyze Exxon Mobil Corp's activity ratios as follows:

1. Days of Inventory on Hand (DOH):
Exxon Mobil's average DOH over the reporting periods shows some fluctuations, ranging from a low of 368.30 days to a high of 787.81 days. Generally, a higher DOH indicates that the company is holding excess inventory relative to its sales, which may tie up capital and increase carrying costs. The significant spike in DOH for the December 31, 2024 period may suggest potential issues with managing inventory efficiently.

2. Days of Sales Outstanding (DSO):
Exxon Mobil's DSO also exhibited variability over the periods, fluctuating between 29.59 days and 45.61 days. A lower DSO is typically preferred as it indicates faster collections from customers, improving cash flow and reducing the risk of bad debts. Exxon Mobil's decreasing trend in DSO from March 31, 2023 to December 31, 2024 reflects an improvement in its accounts receivable management.

3. Number of Days of Payables:
The data on days of payables is inconsistent, with periods showing no payable days ("—" days) followed by significantly high payable days reaching up to 1,599.10 days by December 31, 2024. A higher number of days of payables suggests that Exxon Mobil is taking a longer time to pay its suppliers, which can be advantageous in terms of managing cash flow. However, excessively high payable days may indicate strained relationships with suppliers or potential liquidity issues.

In summary, Exxon Mobil's activity ratios reveal fluctuations and trends in inventory turnover, accounts receivable collection, and accounts payable management over the reporting periods. Further analysis and comparison with industry benchmarks would provide additional insights into the company's operational efficiency and liquidity management.

Long-term

	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
Fixed asset turnover	1.19	1.17	1.18	1.60	1.60	1.73	1.82	1.99	2.02	1.99	1.74	1.49	1.32	1.13	0.98	0.82	0.80	0.81	0.88	1.04
Total asset turnover	0.77	0.76	0.76	0.90	0.92	0.96	1.04	1.11	1.12	1.09	0.99	0.89	0.84	0.73	0.65	0.55	0.55	0.56	0.61	0.72

Exxon Mobil Corp's long-term activity ratios show the efficiency of the company in managing its fixed assets and total assets to generate sales.

The Fixed Asset Turnover ratio has shown a slightly fluctuating trend over the years, starting at 1.04 in March 2020, dipping to 0.80 by December 2020, and then gradually increasing to 1.19 by December 2024. This indicates that Exxon Mobil has been able to generate more revenue from its fixed assets in recent years, reaching a peak of 2.02 in December 2022. However, there was a drop in the ratio in the following periods, suggesting some potential challenges in efficiently utilizing fixed assets.

On the other hand, the Total Asset Turnover ratio has also demonstrated fluctuations but with an overall increasing trend. The ratio started at 0.72 in March 2020, decreased to 0.55 by December 2020, and then steadily improved to 0.77 by December 2024. This suggests that Exxon Mobil has been more effective in generating sales relative to its total assets in recent years.

Overall, Exxon Mobil Corp's long-term activity ratios reflect some fluctuations, but the trend indicates an improvement in the efficiency of utilizing both fixed and total assets to generate sales over the years, with some temporary setbacks observed in certain periods.