Schlumberger NV (SLB)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	36,289,000	32,632,000	27,708,000	22,390,000	23,142,000
Property, plant and equipment	US$ in thousands	7,359,000	7,240,000	6,607,000	6,607,000	6,826,000
Fixed asset turnover		4.93	4.51	4.19	3.39	3.39

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $36,289,000K ÷ $7,359,000K
= 4.93

Fixed asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for Schlumberger NV, we see a consistent increase in the fixed asset turnover ratio over the years.

In December 31, 2020, the fixed asset turnover ratio was at 3.39, which means that for each dollar invested in fixed assets, the company generated $3.39 in sales. This ratio remained stable in 2021 at the same level.

However, there was a notable improvement in the efficiency of fixed asset utilization in subsequent years. In December 31, 2022, the ratio increased to 4.19, indicating that the company was generating $4.19 in sales for every dollar invested in fixed assets. This trend continued, with the ratio reaching 4.51 in 2023 and further increasing to 4.93 in 2024.

The consistent increase in the fixed asset turnover ratio suggests that Schlumberger NV is effectively managing and utilizing its fixed assets to drive revenue growth. This improvement reflects positively on the company's operational efficiency and asset management practices.