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