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)
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
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
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
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
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. |