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Exxon Mobil Asset Turnover

: 0.20 (As of Jun. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Exxon Mobil's Revenue for the three months ended in Jun. 2021 was $65,943 Mil. Exxon Mobil's Total Assets for the quarter that ended in Jun. 2021 was $335,530 Mil. Therefore, Exxon Mobil's Asset Turnover for the quarter that ended in Jun. 2021 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Exxon Mobil's annualized ROE % for the quarter that ended in Jun. 2021 was 11.89%. It is also linked to ROA % through Du Pont Formula. Exxon Mobil's annualized ROA % for the quarter that ended in Jun. 2021 was 5.59%.


Exxon Mobil Asset Turnover Historical Data

The historical data trend for Exxon Mobil's Asset Turnover 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 Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.70 0.80 0.72 0.51

Exxon Mobil Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.09 0.13 0.13 0.17 0.20

Exxon Mobil Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Exxon Mobil's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=178574/( (362597+332750)/ 2 )
=178574/347673.5
=0.51

Exxon Mobil's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=65943/( (333770+337289)/ 2 )
=65943/335529.5
=0.20

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Exxon Mobil  (NYSE:XOM) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Exxon Mobil's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=18760/157772.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18760 / 263772)*(263772 / 335529.5)*(335529.5/ 157772.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.11 %*0.7861*2.1267
=ROA %*Equity Multiplier
=5.59 %*2.1267
=11.89 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Exxon Mobil's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=18760/335529.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(18760 / 263772)*(263772 / 335529.5)
=Net Margin %*Asset Turnover
=7.11 %*0.7861
=5.59 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Exxon Mobil Asset Turnover Related Terms

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


Exxon Mobil Business Description

Exxon Mobil logo
Industry
Energy » Oil & Gas NAICS : 211120 SIC : 1311
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 2020, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2019, reserves were 15.2 billion barrels of oil equivalent, 58% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.8 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.
Executives
Milton Bryan W officer: Vice President 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Carr Ian S officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Greenlee Stephen M officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Reinemund Steven director 700 ANDERSON HILL RD PURCHASE NY 10577
Schleckser Robert N officer: Vice President and Treasurer 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Swiger Andrew P officer: Senior Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Duffin Neil W officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Ebner Randall M officer: Vice President & Gen. Counsel 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Littleton Stephen A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hansen Neil A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Weldon William C director 100 ALBANY STREET SUITE #200 NEW BRUNSWICK NJ 08901
Woods Darren W director, officer: Chairman and CEO C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Oberhelman Douglas R director 100 NE ADAMS STREET PEORIA IL 61629
Avery Susan K director 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Kandarian Steven A director METLIFE 200 PARK AVENUE NEW YORK NY 10166

Exxon Mobil Headlines

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