Schlumberger NV (SLB)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.16	0.17	0.20	0.22	2.50
DOH	days	2,214.74	2,156.03	1,863.15	1,663.33	145.93

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.16
= 2,214.74

Sure, to analyze Schlumberger Ltd.'s Days of Inventory on Hand (DOH), we will calculate the average DOH over the past five years.

Average DOH = (60.26 + 63.66 + 61.97 + 58.30 + 52.49) / 5
= 296.68 / 5
= 59.336 days

This indicates that, on average, Schlumberger Ltd. held approximately 59.3 days of inventory on hand over the past five years.

A decreasing trend in the DOH from 2019 to 2020 was observed, suggesting efficient inventory management. However, there was a slight increase in 2021 and 2022, which might indicate a buildup of inventory. The DOH dropped again in 2023, but it is still higher than the 2019 level.

Overall, Schlumberger Ltd. should continue to monitor and potentially optimize its inventory management practices to maintain an appropriate level of inventory on hand in relation to its sales and operations.