Exxon Mobil Corp (XOM)
Working capital 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 current assets | US$ in thousands | 91,990,000 | 94,349,000 | 96,238,000 | 99,377,000 | 96,609,000 | 101,142,000 | 91,760,000 | 97,224,000 | 97,631,000 | 99,289,000 | 93,163,000 | 77,255,000 | 59,154,000 | 55,555,000 | 52,842,000 | 48,195,000 | 44,893,000 | 48,693,000 | 53,016,000 | 50,249,000 |
| Total current liabilities | US$ in thousands | 70,307,000 | 69,993,000 | 70,763,000 | 71,921,000 | 65,316,000 | 71,186,000 | 61,815,000 | 66,666,000 | 69,045,000 | 74,057,000 | 80,110,000 | 72,059,000 | 56,643,000 | 61,856,000 | 62,238,000 | 60,150,000 | 56,363,000 | 56,468,000 | 57,270,000 | 64,773,000 |
| Working capital turnover | 16.12 | 14.39 | 13.79 | 12.42 | 11.01 | 11.87 | 12.59 | 13.41 | 14.47 | 15.98 | 27.96 | 61.01 | 113.76 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $349,585,000K ÷ ($91,990,000K – $70,307,000K)
= 16.12
The working capital turnover ratio for Exxon Mobil Corp has shown a declining trend over the past few years. It stood at 113.76 at the end of December 31, 2021, but decreased significantly to 16.12 by the end of December 31, 2024. This indicates that the company's ability to efficiently use its working capital to generate sales has decreased over this period. A decreasing trend in the working capital turnover ratio could be a concerning sign for the company as it suggests that Exxon Mobil Corp may be less effective in managing its working capital to support its operations and maintain its liquidity. Management should closely monitor this ratio and take appropriate actions to improve working capital efficiency in the future.
Peer comparison
Dec 31, 2024