Schlumberger NV (SLB)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,784,000 | 35,620,000 | 34,642,000 | 33,607,000 | 32,635,000 | 23,914,000 | 23,088,000 | 21,765,000 | 20,076,000 | 26,025,000 | 24,387,000 | 23,236,000 | 22,390,000 | 21,794,000 | 21,197,000 | 20,911,000 | 23,143,000 | 25,732,000 | 28,993,000 | 31,894,000 |
| Property, plant and equipment | US$ in thousands | 7,359,000 | 7,360,000 | 7,335,000 | 7,253,000 | 7,240,000 | 6,875,000 | 6,804,000 | 6,691,000 | 6,607,000 | 6,691,000 | 6,386,000 | 6,354,000 | 6,607,000 | 6,375,000 | 6,473,000 | 6,620,000 | 6,826,000 | 7,396,000 | 7,729,000 | 8,550,000 |
| Fixed asset turnover | 3.64 | 4.84 | 4.72 | 4.63 | 4.51 | 3.48 | 3.39 | 3.25 | 3.04 | 3.89 | 3.82 | 3.66 | 3.39 | 3.42 | 3.27 | 3.16 | 3.39 | 3.48 | 3.75 | 3.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $26,784,000K ÷ $7,359,000K
= 3.64
The fixed asset turnover ratio for Schlumberger NV has demonstrated some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio has ranged from a low of 3.04 to a high of 4.84 during this time frame.
Initially, from March 31, 2020, to June 30, 2021, the fixed asset turnover showed a generally increasing trend, indicating that the company was generating more revenue from its fixed assets.
However, from September 30, 2021, to December 31, 2022, there was a slight decline in the ratio, suggesting a potential decrease in the efficiency of utilizing fixed assets to generate revenue during that period.
From March 31, 2023, onwards, there was a notable improvement in the fixed asset turnover ratio, reaching a peak of 4.84 on September 30, 2024. This increase indicates an uptick in the company's ability to generate revenue from its fixed assets efficiently.
Overall, the trend in the fixed asset turnover ratio for Schlumberger NV suggests variations in the company's efficiency in utilizing its fixed assets to generate sales over the analyzed period, potentially impacted by factors such as changes in operational efficiency, capital investments, and overall business performance.
Peer comparison
Dec 31, 2024