Exxon Mobil Corp (XOM)

Receivables 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
Revenue (ttm) US$ in thousands 344,582,000 355,667,000 376,977,000 409,744,000 413,680,000 403,216,000 364,932,000 316,993,000 285,640,000 247,215,000 219,628,000 184,491,000 181,502,000 202,135,000 220,985,000 257,471,000 264,938,000 269,660,000 281,216,000 283,581,000
Receivables US$ in thousands 38,015,000 41,814,000 35,915,000 38,808,000 41,749,000 42,411,000 48,063,000 42,142,000 32,383,000 29,516,000 28,540,000 24,755,000 20,581,000 19,974,000 19,036,000 20,871,000 26,966,000 25,308,000 27,132,000 27,105,000
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $344,582,000K ÷ $38,015,000K
= 9.06

The receivables turnover ratio for Exxon Mobil Corp. has shown fluctuation over the past eight quarters, ranging from 7.34 to 10.26 times. The ratio measures the efficiency with which the company collects outstanding receivables from its customers during a given period. A higher receivables turnover ratio indicates that the company is able to collect outstanding payments more quickly.

In Q2 2023 and Q1 2023, the company achieved relatively high receivables turnover of 10.24 and 10.26 times, respectively, implying efficient management of accounts receivable. This trend suggests that Exxon Mobil Corp. was effective in collecting payments from customers during that period.

On the contrary, the receivables turnover ratio declined in Q3 2022 and Q4 2022 to 7.17 and 7.34 times, respectively, which may indicate a slower collection process during those quarters. Lower turnover ratios could signify potential issues with credit policies, collection procedures, or the creditworthiness of customers.

Overall, Exxon Mobil Corp. should aim to sustain a consistent receivables turnover ratio to ensure efficient cash flow management and timely collection of outstanding receivables, which is essential for maintaining financial stability and liquidity in the business.


Peer comparison

Dec 31, 2023


See also:

Exxon Mobil Corp Receivables Turnover (Quarterly Data)