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Exxon Mobil (WBO:XOM) ROA % : 8.73% (As of Mar. 2024)


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What is Exxon Mobil ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Exxon Mobil's annualized Net Income for the quarter that ended in Mar. 2024 was €30,250 Mil. Exxon Mobil's average Total Assets over the quarter that ended in Mar. 2024 was €346,384 Mil. Therefore, Exxon Mobil's annualized ROA % for the quarter that ended in Mar. 2024 was 8.73%.

The historical rank and industry rank for Exxon Mobil's ROA % or its related term are showing as below:

WBO:XOM' s ROA % 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 ROA % was 15.75%. The lowest was -6.45%. And the median was 5.91%.

WBO:XOM's ROA % is ranked better than
80.48% of 1091 companies
in the Oil & Gas industry
Industry Median: 2.45 vs WBO:XOM: 8.82

Exxon Mobil ROA % Historical Data

The historical data trend for Exxon Mobil's ROA % 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 ROA % Chart

Exxon Mobil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
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
ROA % 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 ROA %

For the Oil & Gas Integrated subindustry, Exxon Mobil's ROA %, along with its competitors' market caps and ROA % 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 ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Exxon Mobil's ROA % distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's ROA % falls into.



Exxon Mobil ROA % Calculation

Exxon Mobil's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=33021.17/( (348399.248+345082.689)/ 2 )
=33021.17/346740.9685
=9.52 %

Exxon Mobil's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=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 ROA %, the net income of the last fiscal year and the average total 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. ROA % is displayed in the 30-year financial page.


Exxon Mobil  (WBO:XOM) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=30249.6/346383.6245
=(Net Income / Revenue)*(Revenue / Total Assets)
=(30249.6 / 295912.48)*(295912.48 / 346383.6245)
=Net Margin %*Asset Turnover
=10.22 %*0.8543
=8.73 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.


Be Aware

Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Exxon Mobil ROA % Related Terms

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Exxon Mobil (WBO:XOM) Business Description

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