Exxon Mobil Corp (XOM)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 52,288,000 | 60,517,000 | 72,018,000 | 84,789,000 | 76,714,000 | 69,711,000 | 54,246,000 | 36,313,000 | 31,623,000 | -5,885,000 | -15,577,000 | -23,281,000 | -26,914,000 | 5,428,000 | 10,368,000 | 16,189,000 | 20,452,000 | 22,007,000 | 26,205,000 | 28,241,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 204,802,000 | 199,703,000 | 199,046,000 | 198,685,000 | 195,049,000 | 186,100,000 | 177,316,000 | 169,215,000 | 168,577,000 | 160,589,000 | 158,571,000 | 156,974,000 | 157,150,000 | 177,400,000 | 180,183,000 | 182,079,000 | 191,650,000 | 189,915,000 | 191,377,000 | 191,222,000 |
| Return on total capital | 25.53% | 30.30% | 36.18% | 42.68% | 39.33% | 37.46% | 30.59% | 21.46% | 18.76% | -3.66% | -9.82% | -14.83% | -17.13% | 3.06% | 5.75% | 8.89% | 10.67% | 11.59% | 13.69% | 14.77% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $52,288,000K ÷ ($—K + $204,802,000K)
= 25.53%
Exxon Mobil Corp.'s return on total capital has shown a consistent upward trend over the past four quarters, indicating improved efficiency in generating returns from the total capital employed by the company. The return on total capital increased from 17.34% in Q1 2022 to 36.36% in Q1 2023, reflecting a significant improvement in the company's operational performance and capital utilization.
The company achieved a peak return on total capital of 36.36% in Q1 2023, highlighting its ability to generate strong returns relative to the total capital invested. This indicates effective capital allocation and operational management by Exxon Mobil Corp. during the period.
Overall, the increasing trend in return on total capital demonstrates Exxon Mobil Corp.'s ability to generate higher returns from its total capital base, which could be seen as a positive indicator of financial performance and operational efficiency.
Peer comparison
Dec 31, 2023