Exxon Mobil (NYSE:XOM) Asset Turnover

: 0.29 (As of Sep. 2022)

View and export this data going back to 1920. 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 Sep. 2022 was $106,512 Mil. Exxon Mobil's Total Assets for the quarter that ended in Sep. 2022 was $368,963 Mil. Therefore, Exxon Mobil's Asset Turnover for the quarter that ended in Sep. 2022 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Exxon Mobil's annualized ROE % for the quarter that ended in Sep. 2022 was 43.28%. It is also linked to ROA % through Du Pont Formula. Exxon Mobil's annualized ROA % for the quarter that ended in Sep. 2022 was 21.31%.

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

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Asset Turnover

0.70

0.80

0.72

0.51

0.82

Exxon Mobil Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Asset Turnover																0.21	0.24	0.25	0.31	0.29

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.

Annual Data Quarterly Data

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. 2021 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2021 )	/	( (Total Assets (A: Dec. 2020 )	+	Total Assets (A: Dec. 2021 ))	/ count )
=	276692	/	( (332750	+	338923)	/ 2 )
=	276692	/	335836.5
=	0.82

Exxon Mobil's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	106512	/	( (367774	+	370152)	/ 2 )
=	106512	/	368963
=	0.29

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 Sep. 2022 is

	ROE %^**		(Q: Sep. 2022 )
=	Net Income	/	Total Stockholders Equity
=	78640	/	181708
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(78640 / 426048)	*	(426048 / 368963)	*	(368963/ 181708)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	18.46 %	*	1.1547	*	2.0305
=	ROA %	*	Equity Multiplier
=	21.31 %	*	2.0305
=	43.28 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) revenue data.

^** 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 Sep. 2022 is

	ROA %		(Q: Sep. 2022 )
=	Net Income	/	Total Assets
=	78640	/	368963
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(78640 / 426048)	*	(426048 / 368963)
=	Net Margin %	*	Asset Turnover
=	18.46 %	*	1.1547
=	21.31 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) revenue data.

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 (NYSE:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (NYSE:XOM) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

XOM:Mexico XOM_KZ:Kazakhstan 0R1M:UK XONA:Germany XONA:Germany XONA:Germany XONA:Germany XOM:Chile XOM:Switzerland EXXO34:Brazil XOM:Austria XOM:Argentina

Address

5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298

Website

https://www.exxonmobil.com

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.

Executives

Talley Darrin L	officer: Vice President	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Ubben Jeffrey W	director	1170 GORGAS AVENUE SAN FRANCISCO CA 94129
Mikells Kathryn A	officer: Senior Vice President	77 W. WACKER DRIVE CHICAGO IL 60601
Karsner Alexander	director	C/O APPLIED MATERIALS, INC. 3050 BOWERS AVENUE, P.O. BOX 58039 SANTA CLARA CA 95052-8039
Goff Gregory James	director	19100 RIDGEWOOD PARKWAY SAN ANTONIO TX 78259
Hietala Kaisa	director	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD TX 75039-2298
Gibbs Jon M.	officer: Executive Officer	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Fox Leonard M.	officer: Vice President and Controller	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Angelakis Michael J	director	40 MORRIS AVENUE BRYN MAWR PA 19010
Zulkiflee Wan	director	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Morford Craig S	officer: Vice President & Gen. Counsel	CARDINAL HEALTH, INC. 7000 CARDINAL PLACE DUBLIN OH 43017
Carr Ian S	officer: Vice President	5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Littleton Stephen A	officer: Vice President and Secretary	5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hooley Joseph L	director	STATE STREET CORPORATION ONE LINCOLN STREET BOSTON MA 02111
Mckee Karen T	officer: Vice President	5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298