Microsoft Excel LibreOffice Calc

Exxon Mobil Corp. (XOM)

Long-term (Investment) Activity Analysis

Difficulty: Beginner

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Ratios (Summary)

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

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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).

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

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ 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 
Ratio
Net fixed asset turnover1 1.13 0.94 0.90 1.03 1.56
Benchmarks
Net Fixed Asset Turnover, Competitors
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).

2018 Calculations

1 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

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 improved from 2016 to 2017 and from 2017 to 2018.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ 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 
Ratio
Total asset turnover1 0.81 0.68 0.66 0.77 1.13
Benchmarks
Total Asset Turnover, Competitors
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).

2018 Calculations

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

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 improved from 2016 to 2017 and from 2017 to 2018.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ 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 
Ratio
Equity turnover1 1.46 1.26 1.31 1.52 2.26
Benchmarks
Equity Turnover, Competitors
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).

2018 Calculations

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

Ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Exxon Mobil Corp.’s equity turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.