Exxon Mobil Corp (XOM)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 349,585,000 | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 |
| Receivables | US$ in thousands | 43,681,000 | 38,015,000 | 41,749,000 | 32,383,000 | 20,581,000 |
| Receivables turnover | 8.00 | 9.06 | 9.91 | 8.82 | 8.82 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $349,585,000K ÷ $43,681,000K
= 8.00
Exxon Mobil Corp's receivables turnover has shown a relatively stable trend over the period from December 31, 2020, to December 31, 2024. The company's receivables turnover ratio was 8.82 in both 2020 and 2021, indicating that it collected its receivables approximately 8.82 times during those years.
There was a slight improvement in the receivables turnover ratio in 2022, reaching 9.91. This suggests that the company was able to collect its outstanding receivables more efficiently compared to the previous year. However, the ratio decreased to 9.06 in 2023 and further dropped to 8.00 in 2024.
Overall, the fluctuation in Exxon Mobil Corp's receivables turnover ratio may indicate changes in its credit policies, customer payment behavior, or the efficiency of its collections process. Further analysis would be needed to determine the specific factors influencing the company's performance in managing its accounts receivable effectively.
Peer comparison
Dec 31, 2024