Schlumberger NV (SLB)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 | 32,308,000 |
| Property, plant and equipment | US$ in thousands | 7,240,000 | 6,607,000 | 6,607,000 | 6,826,000 | 9,270,000 |
| Fixed asset turnover | 4.51 | 4.19 | 3.39 | 3.39 | 3.49 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $32,632,000K ÷ $7,240,000K
= 4.51
The fixed asset turnover ratio for Schlumberger Ltd. has shown a consistently positive trend over the past five years, indicating an effective utilization of its fixed assets to generate revenue. The ratio has increased from 3.55 in 2019 to 4.58 in 2023, reflecting an improvement in the company's ability to generate sales relative to its investment in fixed assets. This suggests that Schlumberger has been able to efficiently use its property, plant, and equipment to drive sales growth and operations, which is a positive sign for investors and creditors. Overall, the trend in the fixed asset turnover ratio indicates an increasing efficiency in the company's asset management and productive use of its fixed assets.
Peer comparison
Dec 31, 2023