Exxon Mobil Corp (XOM)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 349,585,000 | 350,503,000 | 351,247,000 | 341,101,000 | 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 |
| Receivables | US$ in thousands | 43,681,000 | 41,505,000 | 43,071,000 | 40,366,000 | 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 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $349,585,000K ÷ $43,681,000K
= 8.00
The receivables turnover ratio of Exxon Mobil Corp indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests that the company is collecting its outstanding receivables more quickly.
Analyzing the trend in the receivables turnover ratio of Exxon Mobil Corp from March 2020 to December 2024, we observe fluctuations in the ratio over time. The ratio decreased from 12.34 in March 2020 to a low of 7.45 in March 2021, signaling a lengthening collection period.
Subsequently, there was a slight recovery in the ratio which peaked at 10.56 in March 2023. However, the ratio decreased again to 8.00 by December 2024. This fluctuation in the ratio may indicate changes in the company's credit policies, customer payment behaviors, or the overall economic environment.
Overall, while there have been fluctuations in the receivables turnover ratio of Exxon Mobil Corp over the analyzed period, the company should continue to monitor and manage its receivables effectively to ensure timely collections and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2024