Schlumberger NV (SLB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		0.23	0.22	0.20	0.17	0.16	0.16	0.16	0.16	0.17	0.17	0.17	0.18	0.20	-0.75	-0.75	-0.74	0.23	1.07	1.08	0.97
DOH	days	1,574.83	1,644.48	1,828.65	2,159.15	2,214.74	2,334.81	2,326.61	2,327.96	2,156.03	2,201.16	2,155.24	2,069.26	1,863.15	—	—	—	1,598.19	341.21	336.93	376.81

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.23
= 1,574.83

The days of inventory on hand (DOH) for Schlumberger NV have shown significant fluctuations over the years, reflecting changes in inventory management efficiency. The trend indicates an initial spike in DOH from December 31, 2020, to March 31, 2022, reaching a peak of 2,327.96 days. This sharp increase suggests potential inefficiencies in managing inventory levels during this period.

Subsequently, there was a gradual decline in DOH from March 31, 2022, to September 30, 2024, indicating an improvement in inventory management practices. The DOH decreased to 1,644.48 days by September 30, 2024, signifying a more optimal balance between inventory levels and sales demand.

Overall, Schlumberger NV has experienced fluctuations in DOH, with periods of high and low levels. Investors and stakeholders should monitor these trends to assess the company's ability to effectively manage inventory and its potential impact on financial performance.