Schlumberger NV (SLB)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	1,014,000	1,015,000	899,000	769,000	723,000	673,000	684,000	672,000	677,000	687,000	672,000	656,000	641,000	-2,462,000	-2,453,000	-2,437,000	766,000	3,789,000	3,901,000	4,018,000
Inventory	US$ in thousands	4,375,000	4,573,000	4,504,000	4,549,000	4,387,000	4,305,000	4,360,000	4,286,000	3,999,000	4,143,000	3,968,000	3,719,000	3,272,000	3,296,000	3,267,000	3,303,000	3,354,000	3,542,000	3,601,000	4,148,000
Inventory turnover		0.23	0.22	0.20	0.17	0.16	0.16	0.16	0.16	0.17	0.17	0.17	0.18	0.20	-0.75	-0.75	-0.74	0.23	1.07	1.08	0.97

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,014,000K ÷ $4,375,000K
= 0.23

Schlumberger NV's inventory turnover ratio has shown fluctuations over the reported period. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced during a specific time frame.

In March 2020, the inventory turnover ratio was 0.97, indicating that the company's inventory was turned over nearly once during that period. The ratio improved slightly to 1.08 in June 2020 and remained relatively stable around 1.07 in September 2020.

However, there was a significant decline in the inventory turnover ratio to 0.23 by December 2020, which could suggest potential issues with managing and selling inventory efficiently. The ratio further deteriorated in the subsequent periods, reaching negative values (-0.74 to -0.75) by March 2021, June 2021, and September 2021, indicating unusual trends that may require further investigation.

Subsequently, there was a marginal recovery as the inventory turnover ratio increased to 0.20 by December 2021 and remained relatively stable around 0.17 to 0.23 from March 2022 to December 2024. These improvements suggest that the company may have taken measures to better manage its inventory levels and enhance operational efficiency.

Overall, although the inventory turnover ratio for Schlumberger NV has shown fluctuations and some concerning periods, the recent stability and slight improvements indicate efforts to optimize inventory management practices and streamline operations. Annual comparison and industry benchmarking would provide further insights into the company's inventory management performance.