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Exxon Mobil (WBO:XOM) Return-on-Tangible-Asset : 8.73% (As of Mar. 2024)


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What is Exxon Mobil Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Exxon Mobil's annualized Net Income for the quarter that ended in Mar. 2024 was €30,250 Mil. Exxon Mobil's average total tangible assets for the quarter that ended in Mar. 2024 was €346,384 Mil. Therefore, Exxon Mobil's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 8.73%.

The historical rank and industry rank for Exxon Mobil's Return-on-Tangible-Asset or its related term are showing as below:

WBO:XOM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.45   Med: 5.91   Max: 15.75
Current: 8.82

During the past 13 years, Exxon Mobil's highest Return-on-Tangible-Asset was 15.75%. The lowest was -6.45%. And the median was 5.91%.

WBO:XOM's Return-on-Tangible-Asset is ranked better than
78.55% of 1091 companies
in the Oil & Gas industry
Industry Median: 2.64 vs WBO:XOM: 8.82

Exxon Mobil Return-on-Tangible-Asset Historical Data

The historical data trend for Exxon Mobil's Return-on-Tangible-Asset can be seen below:

* 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.

* Premium members only.

Exxon Mobil Return-on-Tangible-Asset Chart

Exxon Mobil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.09 -6.15 7.11 16.23 9.52

Exxon Mobil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.32 8.55 9.94 8.07 8.73

Competitive Comparison of Exxon Mobil's Return-on-Tangible-Asset

For the Oil & Gas Integrated subindustry, Exxon Mobil's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Exxon Mobil's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Exxon Mobil's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Return-on-Tangible-Asset falls into.



Exxon Mobil Return-on-Tangible-Asset Calculation

Exxon Mobil's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=33021.17/( (348399.248+345082.689)/ 2 )
=33021.17/346740.9685
=9.52 %

Exxon Mobil's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=30249.6/( (345082.689+347684.56)/ 2 )
=30249.6/346383.6245
=8.73 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data.


Exxon Mobil  (WBO:XOM) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Exxon Mobil Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Exxon Mobil (WBO:XOM) Business Description

Industry
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil (WBO:XOM) Headlines

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