Schlumberger NV (SLB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		0.28	0.16	0.17	0.20	0.22
DOH	days	1,286.76	2,214.74	2,156.03	1,863.15	1,663.33

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.28
= 1,286.76

The days of inventory on hand (DOH) for Schlumberger NV have shown a fluctuating trend over the years. As of December 31, 2020, the company held inventory for an average of 1,663.33 days, indicating a relatively high level of inventory relative to its sales. This figure increased to 1,863.15 days by December 31, 2021, further highlighting potential inefficiencies in inventory management.

By December 31, 2022, the DOH reached 2,156.03 days, signaling a significant extension in the time it takes for Schlumberger NV to convert inventory into sales. This continued to rise to 2,214.74 days by December 31, 2023, suggesting challenges in effectively controlling and utilizing its inventory.

However, a noteworthy improvement was observed by December 31, 2024, with the DOH decreasing to 1,286.76 days. This reduction may indicate enhanced inventory management practices, potentially leading to improved operational efficiency and liquidity.

Overall, the DOH trend for Schlumberger NV reflects a mix of fluctuations and improvements in inventory management efficiency over the years, highlighting the importance of monitoring and optimizing inventory levels to enhance financial performance and operational effectiveness.