GURUFOCUS.COM » STOCK LIST » USA » NYSE » Exxon Mobil Corp (NYSE:XOM) » Definitions » Asset Turnover
Switch to:

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 (NYSE:XOM) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 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 0.21 0.24 0.25 0.31 0.29

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

* 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 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.


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

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.
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

Exxon Mobil (NYSE:XOM) Headlines

From GuruFocus

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership