Schlumberger NV (SLB)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.29 | 0.16 | 0.17 | 0.20 | 0.25 | |
| Number of days of payables | days | 1,244.12 | 2,328.83 | 2,113.98 | 1,825.00 | 1,456.53 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.29
= 1,244.12
As per the data provided, Schlumberger NV's number of days of payables has shown an increasing trend over the years. In December 2020, the company had 1,456.53 days of payables, which increased to 1,825.00 days by December 2021. This trend continued to December 2022, where the number of days of payables further rose to 2,113.98 days, and then to 2,328.83 days by December 2023. However, there was a decrease in the number of days of payables by the end of December 2024 to 1,244.12 days.
The increasing trend in the number of days of payables indicates that Schlumberger NV is taking longer to pay its suppliers or vendors, which may result in improved cash flow management in the short term but could strain relationships with suppliers in the long run. The decrease in payables by the end of December 2024 may suggest a change in payment policies or business operations. Overall, it is essential for Schlumberger NV to carefully manage its payables to ensure a healthy balance between cash flow, supplier relationships, and operational efficiency.
Peer comparison
Dec 31, 2024