Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 1.28 0.78 1.01 1.13 0.94
Net fixed asset turnover (including operating lease, right-of-use asset) 1.24 0.76 0.98 1.13 0.94
Total asset turnover 0.82 0.54 0.70 0.81 0.68
Equity turnover 1.64 1.14 1.33 1.46 1.26

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 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. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Exxon Mobil Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Exxon Mobil Corp. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and other operating revenue 276,692  178,574  255,583  279,332  237,162 
Property, plant and equipment, at cost, less accumulated depreciation and depletion 216,552  227,553  253,018  247,101  252,630 
Long-term Activity Ratio
Net fixed asset turnover1 1.28 0.78 1.01 1.13 0.94
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.06 0.60 0.93 0.94 0.76
ConocoPhillips 0.71 0.47 0.77 0.80 0.64
Devon Energy Corp. 0.80 0.86 0.71 0.77 0.66
Marathon Oil Corp. 0.39 0.20 0.30 0.35 0.25
Occidental Petroleum Corp. 0.43 0.27 0.25 0.57 0.40
Pioneer Natural Resources Co. 0.60 0.44 0.60 0.63 0.39
Valero Energy Corp. 3.69 2.14 3.70 4.06 3.42
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.13 0.70 0.97 1.12 0.90

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net fixed asset turnover = Sales and other operating revenue ÷ Property, plant and equipment, at cost, less accumulated depreciation and depletion
= 276,692 ÷ 216,552 = 1.28

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. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and other operating revenue 276,692  178,574  255,583  279,332  237,162 
 
Property, plant and equipment, at cost, less accumulated depreciation and depletion 216,552  227,553  253,018  247,101  252,630 
Operating lease right of use assets (included in Other assets, including intangibles, net) 6,082  6,078  6,633  —  — 
Property, plant and equipment, at cost, less accumulated depreciation and depletion (including operating lease, right-of-use asset) 222,634  233,631  259,651  247,101  252,630 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.24 0.76 0.98 1.13 0.94
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.03 0.59 0.90 0.94 0.76
ConocoPhillips 0.70 0.46 0.75 0.80 0.64
Devon Energy Corp. 0.80 0.86 0.70 0.77 0.66
Marathon Oil Corp. 0.38 0.20 0.29 0.35 0.25
Occidental Petroleum Corp. 0.43 0.27 0.25 0.57 0.40
Pioneer Natural Resources Co. 0.59 0.43 0.59 0.63 0.39
Valero Energy Corp. 3.55 2.05 3.54 4.06 3.42
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 1.10 0.68 0.94 1.12 0.90

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 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)
= 276,692 ÷ 222,634 = 1.24

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. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and other operating revenue 276,692  178,574  255,583  279,332  237,162 
Total assets 338,923  332,750  362,597  346,196  348,691 
Long-term Activity Ratio
Total asset turnover1 0.82 0.54 0.70 0.81 0.68
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.65 0.39 0.59 0.63 0.53
ConocoPhillips 0.51 0.30 0.46 0.52 0.40
Devon Energy Corp. 0.58 0.49 0.45 0.55 0.46
Marathon Oil Corp. 0.33 0.17 0.25 0.28 0.20
Occidental Petroleum Corp. 0.35 0.22 0.19 0.41 0.30
Pioneer Natural Resources Co. 0.49 0.37 0.51 0.52 0.31
Valero Energy Corp. 1.97 1.25 2.01 2.33 1.87
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 0.75 0.48 0.65 0.77 0.63

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Total asset turnover = Sales and other operating revenue ÷ Total assets
= 276,692 ÷ 338,923 = 0.82

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. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and other operating revenue 276,692  178,574  255,583  279,332  237,162 
Total ExxonMobil share of equity 168,577  157,150  191,650  191,794  187,688 
Long-term Activity Ratio
Equity turnover1 1.64 1.14 1.33 1.46 1.26
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.12 0.72 0.97 1.03 0.91
ConocoPhillips 1.01 0.63 0.93 1.14 0.95
Devon Energy Corp. 1.32 1.67 1.07 1.17 1.51
Marathon Oil Corp. 0.52 0.29 0.42 0.49 0.37
Occidental Petroleum Corp. 1.28 0.96 0.60 0.84 0.61
Pioneer Natural Resources Co. 0.78 0.61 0.80 0.77 0.47
Valero Energy Corp. 6.18 3.45 4.97 5.40 4.27
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 1.50 1.02 1.26 1.40 1.20

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Equity turnover = Sales and other operating revenue ÷ Total ExxonMobil share of equity
= 276,692 ÷ 168,577 = 1.64

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. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.