Schlumberger NV (SLB)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 930,000 | 1,542,000 | 1,538,000 | 1,548,000 |
| Payables | US$ in thousands | 4,613,000 | — | — | — | 3,921,000 | — | — | — | 3,205,000 | — | — | — | 2,937,000 | — | — | — | 4,790,000 | — | — | — |
| Payables turnover | 0.16 | — | — | — | 0.17 | — | — | — | 0.20 | — | — | — | 0.26 | — | — | — | 0.19 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $723,000K ÷ $4,613,000K
= 0.16
As the payable turnover for Schlumberger Ltd. in December 2023 was 5.76, it indicates that the company was able to turn over its accounts payable approximately 5.76 times during the period. This implies that the company effectively managed its payables, paying off its suppliers and vendors at a relatively efficient rate. However, without data from other periods, it is challenging to assess any trend or compare the current turnover ratio to historical performance. It would be beneficial to monitor future periods to identify any significant changes or developments in the payables turnover ratio.
Peer comparison
Dec 31, 2023