Schlumberger NV (SLB)

Number of days of payables

		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
Payables turnover		0.16	—	—	—	0.17	—	—	—	0.20	—	—	—	0.26	—	—	—	0.19	—	—	—
Number of days of payables	days	2,328.83	—	—	—	2,113.98	—	—	—	1,825.00	—	—	—	1,399.48	—	—	—	1,879.95	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.16
= 2,328.83

To analyze Schlumberger Ltd.'s number of days of payables, we observe a figure of 63.37 days as of December 31, 2023, and 62.41 days as of December 31, 2022. Unfortunately, data for the days of payables for the interim periods in 2023 and 2022 are not provided.

The number of days of payables measures the average number of days a company takes to pay its suppliers or vendors. A higher number of days indicates that the company is taking longer to pay its bills, which could signify a potential liquidity advantage as the company holds onto cash for a longer period. Conversely, a significantly low number of days of payables could indicate a rigorous approach to managing working capital.

It is important to compare this metric with the company's industry peers and historical data to gain a better understanding of its performance. Additionally, understanding the reasons behind any significant changes in the number of days of payables over time is essential for a comprehensive analysis.