Schlumberger NV (SLB)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,014,000	1,015,000	899,000	769,000	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
Payables	US$ in thousands	4,230,000	—	—	—	4,613,000	—	—	—	3,921,000	—	—	—	3,205,000	—	—	—	2,937,000	—	—	—
Payables turnover		0.24	—	—	—	0.16	—	—	—	0.17	—	—	—	0.20	—	—	—	0.26	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,014,000K ÷ $4,230,000K
= 0.24

The payables turnover ratio for Schlumberger NV indicates the company's ability to efficiently manage its accounts payable.

From the available data, it is observed that the payables turnover ratio was not calculable for the periods ending March 31, 2020, June 30, 2020, September 30, 2020, March 31, 2021, June 30, 2021, September 30, 2021, March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, and September 30, 2023.

For the periods ending December 31, 2020, December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024, the payables turnover ratio was 0.26, 0.20, 0.17, 0.16, and 0.24, respectively.

A declining payables turnover ratio suggests that the company is taking longer to pay its suppliers, which could indicate deteriorating supplier relationships or potential liquidity issues. It is important to monitor changes in the payables turnover ratio over time to assess the company's working capital management and financial health.