Inventory Disclosure
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Item | Description | The company |
---|---|---|
Inventories | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | Exxon Mobil Corp. inventories increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
Adjustment to Inventory: Conversion from LIFO to FIFO
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Exxon Mobil Corp. inventory value on Dec 31, 2024 would be $33,524) (in millions) if the FIFO inventory method was used instead of LIFO. Exxon Mobil Corp. inventories, valued on a LIFO basis, on Dec 31, 2024 were $23,524). Exxon Mobil Corp. inventories would have been $10,000) higher than reported on Dec 31, 2024 if the FIFO method had been used instead.
Exxon Mobil Corp., Financial Data: Reported vs. Adjusted
Adjusted Financial Ratios: LIFO vs. FIFO (Summary)
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Financial ratio | Description | The company |
---|---|---|
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by current liabilities. | Exxon Mobil Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by revenue. | Exxon Mobil Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Exxon Mobil Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Exxon Mobil Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity. | Exxon Mobil Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | Exxon Mobil Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Exxon Mobil Corp., Financial Ratios: Reported vs. Adjusted
Adjusted Current Ratio
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 Current ratio = Current assets ÷ Current liabilities
= 91,990 ÷ 70,307 = 1.31
2 Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 101,990 ÷ 70,307 = 1.45
Liquidity ratio | Description | The company |
---|---|---|
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by current liabilities. | Exxon Mobil Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Adjusted Net Profit Margin
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 Net profit margin = 100 × Net income (loss) attributable to ExxonMobil ÷ Sales and other operating revenue
= 100 × 33,680 ÷ 339,247 = 9.93%
2 Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to ExxonMobil ÷ Sales and other operating revenue
= 100 × 29,680 ÷ 339,247 = 8.75%
Profitability ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by revenue. | Exxon Mobil Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted Total Asset Turnover
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 Total asset turnover = Sales and other operating revenue ÷ Total assets
= 339,247 ÷ 453,475 = 0.75
2 Adjusted total asset turnover = Sales and other operating revenue ÷ Adjusted total assets
= 339,247 ÷ 463,475 = 0.73
Activity ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Exxon Mobil Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted Financial Leverage
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 Financial leverage = Total assets ÷ Total ExxonMobil share of equity
= 453,475 ÷ 263,705 = 1.72
2 Adjusted financial leverage = Adjusted total assets ÷ Adjusted total ExxonMobil share of equity
= 463,475 ÷ 273,705 = 1.69
Solvency ratio | Description | The company |
---|---|---|
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Exxon Mobil Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Adjusted Return on Equity (ROE)
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 ROE = 100 × Net income (loss) attributable to ExxonMobil ÷ Total ExxonMobil share of equity
= 100 × 33,680 ÷ 263,705 = 12.77%
2 Adjusted ROE = 100 × Adjusted net income (loss) attributable to ExxonMobil ÷ Adjusted total ExxonMobil share of equity
= 100 × 29,680 ÷ 273,705 = 10.84%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted shareholders’ equity. | Exxon Mobil Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024. |
Adjusted Return on Assets (ROA)
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
2024 Calculations
1 ROA = 100 × Net income (loss) attributable to ExxonMobil ÷ Total assets
= 100 × 33,680 ÷ 453,475 = 7.43%
2 Adjusted ROA = 100 × Adjusted net income (loss) attributable to ExxonMobil ÷ Adjusted total assets
= 100 × 29,680 ÷ 463,475 = 6.40%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | Exxon Mobil Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |