Schlumberger NV (SLB)

Number of days of payables

		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
Payables turnover		0.24	—	—	—	0.16	—	—	—	0.17	—	—	—	0.20	—	—	—	0.26	—	—	—
Number of days of payables	days	1,522.63	—	—	—	2,328.83	—	—	—	2,113.98	—	—	—	1,825.00	—	—	—	1,399.48	—	—	—

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.24
= 1,522.63

The number of days of payables for Schlumberger NV has shown significant variability over the past several years. As of December 31, 2020, the company had 1,399.48 days of payables, indicating that on average, it takes over four years to pay its suppliers. This number increased substantially to 1,825.00 days by December 31, 2021, further prolonging the payment timeline.

By December 31, 2022, the number of days of payables reached 2,113.98 days, suggesting a continued trend of delayed payments to suppliers. This trend intensified by December 31, 2023, with the number of days of payables reaching 2,328.83 days, indicating a significant extension in payment terms.

However, by December 31, 2024, the number of days of payables decreased to 1,522.63 days, although still at a relatively high level compared to industry norms. This fluctuation in the number of days of payables for Schlumberger NV may indicate shifts in the company's liquidity position, supplier relationships, and working capital management practices.