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)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

Exxon Mobil Corp., long-term (investment) activity ratios

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net fixed asset turnover	1.13	0.94	0.90	1.03	1.56
Total asset turnover	0.81	0.68	0.66	0.77	1.13
Equity turnover	1.46	1.26	1.31	1.52	2.26

Based on: 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), 10-K (filing date: 2015-02-25).

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 2016 to 2017 and from 2017 to 2018.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Exxon Mobil Corp.’s total asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Exxon Mobil Corp.’s equity turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Exxon Mobil Corp., net fixed asset turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Sales and other operating revenue	279,332	237,162	218,608	259,488	394,105
Property, plant and equipment, at cost, less accumulated depreciation and depletion	247,101	252,630	244,224	251,605	252,668
Long-term Activity Ratio
Net fixed asset turnover¹	1.13	0.94	0.90	1.03	1.56
Benchmarks
Net Fixed Asset Turnover, Competitors²
Chevron Corp.	0.94	0.76	0.60	0.69	1.09
ConocoPhillips	0.80	0.64	0.41	0.44	0.70
EOG Resources Inc.	0.62	0.44	0.30	0.36	0.62
Occidental Petroleum Corp.	0.57	0.40	0.31	0.39	0.49
Phillips 66	5.06	4.77	4.04	5.02	9.29
Net Fixed Asset Turnover, Sector
Oil & Gas Producers	1.14	0.95	0.81	0.93	1.42
Net Fixed Asset Turnover, Industry
Oil & Gas	1.13	0.94	0.81	0.93	1.40

Based on: 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), 10-K (filing date: 2015-02-25).

¹ 2018 Calculation
Net fixed asset turnover = Sales and other operating revenue ÷ Property, plant and equipment, at cost, less accumulated depreciation and depletion
= 279,332 ÷ 247,101 = 1.13

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 2016 to 2017 and from 2017 to 2018.

Exxon Mobil Corp., total asset turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Sales and other operating revenue	279,332	237,162	218,608	259,488	394,105
Total assets	346,196	348,691	330,314	336,758	349,493
Long-term Activity Ratio
Total asset turnover¹	0.81	0.68	0.66	0.77	1.13
Benchmarks
Total Asset Turnover, Competitors²
Chevron Corp.	0.63	0.53	0.42	0.49	0.75
ConocoPhillips	0.52	0.40	0.26	0.30	0.45
EOG Resources Inc.	0.51	0.38	0.26	0.32	0.52
Occidental Petroleum Corp.	0.41	0.30	0.23	0.29	0.34
Phillips 66	2.05	1.88	1.63	2.04	3.31
Total Asset Turnover, Sector
Oil & Gas Producers	0.77	0.66	0.57	0.66	0.97
Total Asset Turnover, Industry
Oil & Gas	0.70	0.60	0.51	0.61	0.89

Based on: 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), 10-K (filing date: 2015-02-25).

¹ 2018 Calculation
Total asset turnover = Sales and other operating revenue ÷ Total assets
= 279,332 ÷ 346,196 = 0.81

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 2016 to 2017 and from 2017 to 2018.

Exxon Mobil Corp., equity turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Sales and other operating revenue	279,332	237,162	218,608	259,488	394,105
Total ExxonMobil share of equity	191,794	187,688	167,325	170,811	174,399
Long-term Activity Ratio
Equity turnover¹	1.46	1.26	1.31	1.52	2.26
Benchmarks
Equity Turnover, Competitors²
Chevron Corp.	1.03	0.91	0.76	0.85	1.29
ConocoPhillips	1.14	0.95	0.68	0.74	1.01
EOG Resources Inc.	0.89	0.69	0.55	0.68	1.02
Occidental Petroleum Corp.	0.84	0.61	0.47	0.51	0.55
Phillips 66	4.52	4.08	3.76	4.28	7.47
Equity Turnover, Sector
Oil & Gas Producers	1.40	1.23	1.12	1.27	1.86
Equity Turnover, Industry
Oil & Gas	1.30	1.14	1.03	1.19	1.73

Based on: 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), 10-K (filing date: 2015-02-25).

¹ 2018 Calculation
Equity turnover = Sales and other operating revenue ÷ Total ExxonMobil share of equity
= 279,332 ÷ 191,794 = 1.46

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 deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Exxon Mobil Corp. (XOM)

Analysis of Long-term (Investment) Activity Ratios

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover