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Finance Week 5

Finance Week 5

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Exxon Mobile

Name

Institution Affiliation

Name of Company and Ticker Symbol: Exxon Mobile

10-K Report: https://cdn.exxon the company mobil.com/~/media/global/files/summary-annual-report/2017-summary-annual-report.pdf

Company Website: https://corp the company orate.exxonmobil.com/en

Industry name and NAICS Code: Energy: ‎Oil and gas, Code: 211120

Asset Utilization Ratios

2016 2017 2018 Industry Average

Inventory Turnover (COGS*/Inv.)) 9.03 9.55 10.17 9.58

Fixed Asset Turnover (Sales/Net PPE) 0.90 0.94 1.13 0.99

Total Asset Turnover (Sales/Total Assets) 0.66 0.68 0.81 0.72

Cost of Goods Sold

The cost of goods is the total carrying values of all goods sold during a particular year of income. In this case, the cost of goods sold by Exxon Mobile directly influences the company’s inventory turnover (Coll, 2012). As a result, this affects the industry average because if the amount of cost of goods sold is high and the inventory level is low, the industry average will go rise.

Evaluation

According to the above financial Report, Exxon Mobile's financial performance has been improving for those last three years. For example, the company's inventory turnover had been increasing progressively since 2016 at 9.03 to 9.55 in 2017 and 10.17 in 2018. Also, the company’s Fixed Asset Turnover has increased gradually over the last three years. The increase in the company’s Fixed Asset Turnover was attributed to the overall rise in sales for the three years (Chalmers, 2012).

Lastly, the Total Asset Turnover of Exxon Mobile has increased gradually over the last three years. The rise in the company’s Fixed Asset Turnover was accredited by the general increase in sales of the company for the three years.

Conclusively, the above ratios analysis implies that Exxon Mobile has been performing exceptionally well for the last three years. This means that the com o any as been using its assets appropriately to increase its sales to generate more profits.

References

Chalmers, D. M. (2012). History of the Standard Oil Company: Briefer Version. Dover Publications.

Coll, S. (2012). Private Empire: ExxonMobil and American power. New York: Penguin Press.

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