Exxon Mobil Corp (XOM)
Working capital 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 current assets | US$ in thousands | 91,990,000 | 96,609,000 | 97,631,000 | 59,154,000 | 44,893,000 |
| Total current liabilities | US$ in thousands | 70,307,000 | 65,316,000 | 69,045,000 | 56,643,000 | 56,363,000 |
| Working capital turnover | 16.12 | 11.01 | 14.47 | 113.76 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $349,585,000K ÷ ($91,990,000K – $70,307,000K)
= 16.12
Based on the working capital turnover data provided for Exxon Mobil Corp, we observe a significant fluctuation in the efficiency of the company's working capital management over the years.
In December 2021, the working capital turnover ratio was exceptionally high at 113.76, indicating that the company efficiently utilized its working capital to generate sales during that period. However, there was a sharp decline in this ratio in subsequent years. By December 2024, the working capital turnover had decreased to 16.12, reflecting a reduction in the company's ability to efficiently convert working capital into revenue.
This fluctuation suggests that Exxon Mobil Corp may have faced challenges in managing its working capital effectively, potentially impacting its operational efficiency and liquidity management. Further analysis and investigation into the reasons behind these fluctuations would be crucial to determine the underlying factors influencing the company's working capital turnover performance.
Peer comparison
Dec 31, 2024