GURUFOCUS.COM » STOCK LIST » Europe » Austria » WBO » Exxon Mobil Corp (WBO:XOM) » Definitions » Asset Turnover
Switch to:

Exxon Mobil (WBO:XOM) Asset Turnover

: 0.23 (As of Mar. 2023)
View and export this data going back to 2017. Start your Free Trial

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 Mar. 2023 was €78,123 Mil. Exxon Mobil's Total Assets for the quarter that ended in Mar. 2023 was €346,696 Mil. Therefore, Exxon Mobil's Asset Turnover for the quarter that ended in Mar. 2023 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Exxon Mobil's annualized ROE % for the quarter that ended in Mar. 2023 was 23.10%. It is also linked to ROA % through Du Pont Formula. Exxon Mobil's annualized ROA % for the quarter that ended in Mar. 2023 was 12.32%.


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 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.73 0.49 0.85 1.16

Exxon Mobil Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.26 0.31 0.30 0.24 0.23

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover Distribution

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

* The bar in red indicates where Exxon Mobil's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.



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. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=376349.2/( (299946.855+348399.248)/ 2 )
=376349.2/324173.0515
=1.16

Exxon Mobil's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=78123.496/( (348399.248+344992.514)/ 2 )
=78123.496/346695.881
=0.23

* 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  (WBO: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 Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=42702.48/184849.023
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(42702.48 / 312493.984)*(312493.984 / 346695.881)*(346695.881/ 184849.023)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.67 %*0.9013*1.8756
=ROA %*Equity Multiplier
=12.32 %*1.8756
=23.10 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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 Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=42702.48/346695.881
=(Net Income / Revenue)*(Revenue / Total Assets)
=(42702.48 / 312493.984)*(312493.984 / 346695.881)
=Net Margin %*Asset Turnover
=13.67 %*0.9013
=12.32 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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 (WBO:XOM) Business Description

Exxon Mobil logo
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 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% 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 one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil (WBO:XOM) Headlines