Exxon Mobil Corp (XOM)
Total asset 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 |
| Total assets | US$ in thousands | 453,475,000 | 376,317,000 | 369,067,000 | 338,923,000 | 332,750,000 |
| Total asset turnover | 0.77 | 0.92 | 1.12 | 0.84 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $349,585,000K ÷ $453,475,000K
= 0.77
Exxon Mobil Corp's total asset turnover ratio has shown varying trends over the years based on the provided data. As of December 31, 2020, the company had a total asset turnover of 0.55, indicating that for every dollar of assets, the company generated $0.55 in revenue.
Over the next few years, there was an improvement in the total asset turnover ratio. By December 31, 2022, the ratio had increased to 1.12, showcasing an efficient utilization of assets to generate revenue. However, in the following years, the total asset turnover ratio decreased to 0.92 by December 31, 2023, and further to 0.77 by December 31, 2024.
The fluctuation in the total asset turnover ratio suggests that Exxon Mobil Corp may have experienced changes in its operations or business environment during these years. It is essential for the company to closely monitor and analyze these fluctuations to ensure optimal asset utilization and performance efficiency.
Peer comparison
Dec 31, 2024