Exxon Mobil Corp (XOM)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	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	0.69	0.74	0.68	0.70
Receivables turnover	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	9.82	10.66	10.36	10.46
Payables turnover	0.35	—	—	—	0.25	—	—	—	0.31	—	—	—	0.51	—	—	—	0.40	—	—	—
Working capital turnover	11.01	11.87	12.59	13.41	14.47	15.98	27.96	61.01	113.76	—	—	—	—	—	—	—	—	—	—	—

The activity ratios of Exxon Mobil Corp. for the specified quarters reveal important insights into the company's operational efficiency.

1. Inventory turnover:
- The inventory turnover ratio for all quarters is reported as 0.00, indicating that Exxon Mobil Corp. has not provided specific data on its inventory turnover. This lack of information makes it challenging to evaluate how effectively the company is managing its inventory levels and converting them into sales.

2. Receivables turnover:
- The receivables turnover ratio demonstrates an increasing trend over the periods, indicating that Exxon Mobil Corp. is collecting its accounts receivable more frequently. This improvement suggests that the company is efficiently managing its credit sales and collecting payments in a timely manner.

3. Payables turnover:
- Data on payables turnover is partially missing, with zero values reported for some quarters. This absence of information makes it difficult to assess how quickly Exxon Mobil Corp. is paying its suppliers or managing its accounts payable turnover.

4. Working capital turnover:
- The working capital turnover ratio shows a declining trend from Q1 2022 to Q4 2023. This decline implies that the company may be becoming less efficient in generating revenue from its working capital over time. The steep decrease in the ratio from Q1 2022 to Q1 2023 raises concerns about the company's ability to efficiently utilize its working capital to drive revenue growth.

In summary, while the receivables turnover ratio indicates an improving trend, the lack of data on inventory and payables turnover ratios, along with the decreasing trend in working capital turnover, requires closer monitoring to assess Exxon Mobil Corp.'s overall operational efficiency and performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	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	532.04	496.32	540.55	519.34
Days of sales outstanding (DSO)	days	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	37.15	34.26	35.22	34.89
Number of days of payables	days	1,053.54	—	—	—	1,439.33	—	—	—	1,164.69	—	—	—	715.73	—	—	—	910.42	—	—	—

Exxon Mobil Corp.'s activity ratios provide insight into how efficiently the company manages its inventories, collects receivables, and pays its payables.

Days of inventory on hand (DOH) data is not provided, likely due to industry-specific reasons or confidentiality concerns.

Days of sales outstanding (DSO) indicates that on average, it takes the company around 40 days to collect payment from customers for its sales. The decreasing trend in DSO from Q3 2022 to Q2 2023 suggests an improvement in the company's accounts receivable collection efficiency.

The number of days of payables is not presented, possibly for similar reasons as the DOH metric. The absence of this data hinders a comprehensive analysis of the company's payables management efficiency.

In conclusion, while the DSO data shows a positive trend in receivables management, the lack of other activity ratio information limits a thorough assessment of Exxon Mobil Corp.'s overall operational efficiency in terms of inventory turnover and payables management.

Long-term

	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
Fixed asset turnover	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	1.05	1.08	1.12	1.14
Total asset turnover	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	0.73	0.75	0.78	0.80

Exxon Mobil Corp.'s long-term activity ratios provide insight into how efficiently the company is utilizing its fixed and total assets to generate revenue. The fixed asset turnover ratio has been declining over the past eight quarters, from 1.96 in Q4 2022 to 1.57 in Q4 2023. This indicates that Exxon Mobil is generating less revenue per dollar of fixed assets over time, which may be a cause for concern.

On the other hand, the total asset turnover ratio has also been on a decreasing trend, dropping from 1.09 in Q4 2022 to 0.90 in Q4 2023. This suggests that Exxon Mobil is becoming less efficient in using its total assets to generate sales.

Overall, the decreasing trend in both fixed asset turnover and total asset turnover ratios may indicate inefficiencies in Exxon Mobil's asset management or potential underutilization of its assets. Further analysis and monitoring of these ratios will be crucial to understanding the company's operational effectiveness and financial health.