Exxon Mobil (NYSE:XOM) Piotroski F-Score

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exxon Mobil's current Net Income (TTM) was 51,860. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exxon Mobil's current Cash Flow from Operations (TTM) was 76,300. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

Exxon Mobil's return on assets of this year was 0.15402984. Exxon Mobil's return on assets of last year was -0.01647847. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Exxon Mobil's current Net Income (TTM) was 51,860. Exxon Mobil's current Cash Flow from Operations (TTM) was 76,300. ==> 76,300 > 51,860 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Exxon Mobil's gearing of this year was 0.11097049. Exxon Mobil's gearing of last year was 0.12846032. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Exxon Mobil's current ratio of this year was 1.34071053. Exxon Mobil's current ratio of last year was 0.89813438. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Exxon Mobil's number of shares in issue this year was 4185. Exxon Mobil's number of shares in issue last year was 4276. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Exxon Mobil's gross margin of this year was 0.24679693. Exxon Mobil's gross margin of last year was 0.11993779. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Exxon Mobil's asset turnover of this year was 1.14888562. Exxon Mobil's asset turnover of last year was 0.67345263. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Exxon Mobil has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Exxon Mobil  (NYSE:XOM) Piotroski F-Score Explanation