Exxon Mobil Corp. (NYSE:XOM)
Analysis of Long-term (Investment) Activity Ratios
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Exxon Mobil Corp., long-term (investment) activity ratios
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Exxon Mobil Corp.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Exxon Mobil Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Exxon Mobil Corp.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Exxon Mobil Corp.’s equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Net Fixed Asset Turnover
Exxon Mobil Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenue | 255,583 | 279,332 | 237,162 | 218,608 | 259,488 | |
| Property, plant and equipment, at cost, less accumulated depreciation and depletion | 253,018 | 247,101 | 252,630 | 244,224 | 251,605 | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 1.01 | 1.13 | 0.94 | 0.90 | 1.03 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.93 | 0.94 | 0.76 | 0.60 | 0.69 | |
| ConocoPhillips | 0.77 | 0.80 | 0.64 | 0.41 | 0.44 | |
| Phillips 66 | 4.51 | 5.06 | 4.77 | 4.04 | 5.02 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil & Gas Producers | 1.14 | 1.21 | 1.01 | 0.86 | 0.98 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Oil & Gas | 1.08 | 1.15 | 0.96 | 0.83 | 0.94 | |
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).
1 2019 Calculation
Net fixed asset turnover = Sales and other operating revenue ÷ Property, plant and equipment, at cost, less accumulated depreciation and depletion
= 255,583 ÷ 253,018 = 1.01
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Exxon Mobil Corp.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Exxon Mobil Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenue | 255,583 | 279,332 | 237,162 | 218,608 | 259,488 | |
| Property, plant and equipment, at cost, less accumulated depreciation and depletion | 253,018 | 247,101 | 252,630 | 244,224 | 251,605 | |
| Operating lease right of use assets (included in Other assets, including intangibles, net) | 6,633 | — | — | — | — | |
| Property, plant and equipment, at cost, less accumulated depreciation and depletion (including operating lease, right-of-use asset) | 259,651 | 247,101 | 252,630 | 244,224 | 251,605 | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.98 | 1.13 | 0.94 | 0.90 | 1.03 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 0.90 | 0.94 | 0.76 | 0.60 | 0.69 | |
| ConocoPhillips | 0.75 | 0.80 | 0.64 | 0.41 | 0.44 | |
| Phillips 66 | 4.27 | 5.06 | 4.77 | 4.04 | 5.02 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil & Gas Producers | 1.11 | 1.21 | 1.01 | 0.86 | 0.98 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Oil & Gas | 1.06 | 1.15 | 0.96 | 0.83 | 0.94 | |
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales and other operating revenue ÷ Property, plant and equipment, at cost, less accumulated depreciation and depletion (including operating lease, right-of-use asset)
= 255,583 ÷ 259,651 = 0.98
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Exxon Mobil Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Total Asset Turnover
Exxon Mobil Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenue | 255,583 | 279,332 | 237,162 | 218,608 | 259,488 | |
| Total assets | 362,597 | 346,196 | 348,691 | 330,314 | 336,758 | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.70 | 0.81 | 0.68 | 0.66 | 0.77 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.59 | 0.63 | 0.53 | 0.42 | 0.49 | |
| ConocoPhillips | 0.46 | 0.52 | 0.40 | 0.26 | 0.30 | |
| Phillips 66 | 1.83 | 2.05 | 1.88 | 1.63 | 2.04 | |
| Total Asset Turnover, Sector | ||||||
| Oil & Gas Producers | 0.73 | 0.81 | 0.69 | 0.60 | 0.69 | |
| Total Asset Turnover, Industry | ||||||
| Oil & Gas | 0.68 | 0.75 | 0.64 | 0.55 | 0.64 | |
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).
1 2019 Calculation
Total asset turnover = Sales and other operating revenue ÷ Total assets
= 255,583 ÷ 362,597 = 0.70
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Exxon Mobil Corp.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Equity Turnover
Exxon Mobil Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenue | 255,583 | 279,332 | 237,162 | 218,608 | 259,488 | |
| Total ExxonMobil share of equity | 191,650 | 191,794 | 187,688 | 167,325 | 170,811 | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.33 | 1.46 | 1.26 | 1.31 | 1.52 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.97 | 1.03 | 0.91 | 0.76 | 0.85 | |
| ConocoPhillips | 0.93 | 1.14 | 0.95 | 0.68 | 0.74 | |
| Phillips 66 | 4.31 | 4.52 | 4.08 | 3.76 | 4.28 | |
| Equity Turnover, Sector | ||||||
| Oil & Gas Producers | 1.35 | 1.45 | 1.29 | 1.18 | 1.34 | |
| Equity Turnover, Industry | ||||||
| Oil & Gas | 1.28 | 1.37 | 1.22 | 1.11 | 1.26 | |
Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).
1 2019 Calculation
Equity turnover = Sales and other operating revenue ÷ Total ExxonMobil share of equity
= 255,583 ÷ 191,650 = 1.33
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Exxon Mobil Corp.’s equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |