Schlumberger NV (SLB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.16 | 0.17 | 0.20 | 0.25 | 2.16 | |
| Number of days of payables | days | 2,328.83 | 2,113.98 | 1,825.00 | 1,456.53 | 169.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.16
= 2,328.83
The number of days of payables for Schlumberger Ltd. has shown a fluctuating trend over the past five years. As of December 31, 2023, the company's number of days of payables was 63.37 days, which is slightly higher compared to the previous year. This indicates that the company took, on average, approximately 63.37 days to pay its trade payables during the most recent fiscal year.
Comparing this to previous years, we observe that the number of days of payables has generally been in the range of 51.05 to 63.37 days. This suggests that there have been fluctuations in the company's ability to manage its trade payables efficiently. The increase in the number of days of payables from 2022 to 2023 may signify a lengthening of payment cycles, which could impact the company's relationships with suppliers and its working capital management.
It's essential to monitor the trend of the number of days of payables closely in relation to industry benchmarks and peer companies to assess whether the company's payment practices are in line with industry norms and to evaluate its overall liquidity and financial health.
Peer comparison
Dec 31, 2023