Exxon Mobil Corp (XOM)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	314,845,000	332,512,000	354,284,000	386,780,000	390,705,000	379,361,000	341,179,000	293,658,000	261,928,000	222,776,000	194,912,000	162,144,000	154,561,000	176,529,000	194,412,000	225,990,000	235,728,000	236,334,000	245,558,000	249,192,000
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
Operating ROA		83.66%	89.32%	97.53%	104.71%	105.86%	102.49%	92.77%	82.77%	77.28%	66.17%	57.79%	48.58%	46.45%	49.30%	53.78%	63.52%	65.01%	65.77%	68.07%	69.96%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $314,845,000K ÷ $376,317,000K
= 83.66%

The operating return on assets (operating ROA) for Exxon Mobil Corp. has shown a fluctuating trend over the past eight quarters. In Q1 2022, the operating ROA was 8.39%, indicating a relatively weaker performance. However, there has been a consistent improvement in the subsequent quarters, with significant increases in Q2 and Q3 2023, reaching 17.84% and 15.16%, respectively.

The operating ROA peaked at 20.49% in Q1 2023, showcasing the company's ability to generate income from its assets. Despite this peak, it experienced a slight decline in Q4 2023 to 12.74%.

Overall, Exxon Mobil Corp.'s operating ROA has demonstrated variability, with periods of strong performance and slight fluctuations. It is essential for the company to analyze the factors contributing to these fluctuations to maintain and improve its operating efficiency in the future.