Exxon Mobil Corp (XOM)
Total asset 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 |
| Total assets | US$ in thousands | 453,475,000 | 461,916,000 | 460,707,000 | 377,918,000 | 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 |
| Total asset turnover | 0.77 | 0.76 | 0.76 | 0.90 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $349,585,000K ÷ $453,475,000K
= 0.77
The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its total assets. A higher ratio indicates that the company is effectively utilizing its assets to generate sales.
Analyzing the total asset turnover of Exxon Mobil Corp from March 31, 2020, to December 31, 2024, we observe the following trends:
- The ratio decreased from 0.72 on March 31, 2020, to a low of 0.55 on December 31, 2020, reflecting a decrease in sales generated per dollar of assets during this period.
- From December 31, 2020, onwards, there was a gradual increase in the ratio, indicating improved asset utilization by the company.
- The total asset turnover ratio continued to improve consistently, reaching its peak at 1.12 on December 31, 2022.
- However, there was a slight decline in the ratio in the following periods, with fluctuations ranging from 0.90 to 1.09 until December 31, 2024.
Overall, the fluctuation in Exxon Mobil Corp's total asset turnover ratio indicates variations in the efficiency of utilizing its assets to generate sales revenue over the analyzed period. The increasing trend in the ratio from 2020 to 2022 suggests improved asset management and productivity, followed by some fluctuations in the later periods.
Peer comparison
Dec 31, 2024