Schlumberger NV (SLB)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	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	32,307,000	32,479,000	32,455,000	32,501,000
Property, plant and equipment	US$ in thousands	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	9,270,000	9,605,000	11,359,000	11,533,000
Fixed asset turnover		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	3.49	3.38	2.86	2.82

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $32,635,000K ÷ $7,240,000K
= 4.51

The fixed asset turnover ratio measures the efficiency of a company in generating sales from its investment in fixed assets. Schlumberger Ltd.'s fixed asset turnover has been relatively stable, ranging from 3.72 to 4.66 over the past eight quarters.

The consistent values of the fixed asset turnover ratio suggest that Schlumberger Ltd. has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets, which is generally favorable.

A sustained high fixed asset turnover ratio may indicate effective management of property, plant, and equipment to drive sales. However, it is essential to note that this ratio should be interpreted in conjunction with other financial metrics to obtain a comprehensive understanding of the company's overall financial performance.