Schlumberger NV (SLB)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		4.18	2.97	3.01	2.87	2.97	3.91	3.90	4.07	4.21	4.07	3.96	3.97	4.41	4.63	4.99	4.26	4.17	3.90	3.83	3.98
DSO	days	87.37	122.85	121.33	127.08	123.01	93.27	93.50	89.74	86.64	89.58	92.07	91.97	82.75	78.75	73.12	85.67	87.52	93.64	95.27	91.76

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.18
= 87.37

To analyze Schlumberger Ltd.'s days of sales outstanding (DSO), we will use the formula:

DSO = (Accounts Receivable / Sales) * Number of Days

The DSO indicates the average number of days it takes for a company to collect payment after making a sale. A lower DSO suggests a shorter time to collect receivables, indicating efficient cash flow management.

Looking at the data provided, we can see that Schlumberger Ltd.'s DSO has fluctuated over the past eight quarters. It was 86.05 days at the end of December 2023, which was a decrease from the previous quarter.

On a year-over-year basis, there appears to be only a slight improvement in DSO, compared to 91.37 days in December 2022. However, from March 2022 to December 2023, DSO ranged from 86.05 to 92.62 days, reflecting some variability in collecting receivables.

This variability may indicate changes in sales patterns, customer payment behaviors, or the company's credit policies. It is essential to investigate the reasons behind these fluctuations to understand if they are due to internal changes or external factors.

In conclusion, Schlumberger Ltd.'s DSO has shown some fluctuation over the past eight quarters, and it will be important for stakeholders to monitor this metric closely to ensure efficient management of receivables and cash flow.