Market Cap : 484.97 B | Enterprise Value : 481.25 B | PE Ratio : 9.61 | PB Ratio : 2.61 |
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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 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%.
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.
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.
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.
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 |
* 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.
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.
* 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 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.
* 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 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.
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.
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 |
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