Exxon Mobil Corp (XOM)
Total asset 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 |
| Total assets | US$ in thousands | 376,317,000 | 372,259,000 | 363,248,000 | 369,371,000 | 369,067,000 | 370,152,000 | 367,774,000 | 354,771,000 | 338,923,000 | 336,688,000 | 337,289,000 | 333,770,000 | 332,750,000 | 358,043,000 | 361,495,000 | 355,804,000 | 362,597,000 | 359,361,000 | 360,729,000 | 356,189,000 |
| Total asset turnover | 0.92 | 0.96 | 1.04 | 1.11 | 1.12 | 1.09 | 0.99 | 0.89 | 0.84 | 0.73 | 0.65 | 0.55 | 0.55 | 0.56 | 0.61 | 0.72 | 0.73 | 0.75 | 0.78 | 0.80 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $344,582,000K ÷ $376,317,000K
= 0.92
The total asset turnover ratio measures how efficiently a company generates sales revenue from its total assets. In the case of Exxon Mobil Corp., the total asset turnover has fluctuated over the past eight quarters.
In Q4 2023, the total asset turnover was 0.90, indicating that Exxon Mobil generated $0.90 in sales for every dollar of total assets. This was a decrease from the previous quarter. The ratio increased in Q3 and Q2 2023 to 0.94 and 1.01, respectively, showing an improvement in asset utilization.
The trend continued with a further increase in Q1 2023 to 1.08, suggesting that the company was able to generate more sales relative to its total assets. Q4 2022 and Q3 2022 also showed a relatively high total asset turnover of 1.09 and 1.05, respectively.
However, there was a decrease in Q2 2022 and Q1 2022, with total asset turnover ratios of 0.96 and 0.87, respectively. This indicates that Exxon Mobil's efficiency in generating sales from its total assets was lower during these periods.
Overall, Exxon Mobil's total asset turnover ratio has shown variability, but generally, the company has managed to effectively utilize its assets to generate sales revenue, with periods of both improvement and decline in efficiency.
Peer comparison
Dec 31, 2023