Schlumberger NV (SLB)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	0.23	0.22	0.20	0.17	0.16	0.16	0.16	0.16	0.17	0.17	0.17	0.18	0.20	-0.75	-0.75	-0.74	0.23	1.07	1.08	0.97
Receivables turnover	3.34	4.31	4.03	4.09	4.18	2.97	3.01	2.87	2.97	3.91	3.90	4.07	4.21	4.07	3.96	3.97	4.41	4.63	4.99	4.26
Payables turnover	0.24	—	—	—	0.16	—	—	—	0.17	—	—	—	0.20	—	—	—	0.26	—	—	—
Working capital turnover	4.65	5.84	5.67	6.97	7.55	5.30	5.79	6.91	6.73	5.81	6.53	9.09	9.76	8.22	6.44	7.13	9.53	10.04	10.68	10.62

- Inventory Turnover: Schlumberger NV's inventory turnover has fluctuated over the years, ranging from a low of 0.16 in March 2024 to a high of 1.08 in June 2020. The company has generally maintained a relatively stable inventory turnover ratio, indicating its efficiency in managing and selling its inventory.

- Receivables Turnover: The receivables turnover ratio for Schlumberger NV has also varied, with a high of 4.99 in June 2020 and a low of 2.87 in March 2023. The company has demonstrated the ability to collect receivables efficiently, although there have been some fluctuations in this ratio over time.

- Payables Turnover: The payables turnover ratio, which indicates how quickly a company pays its suppliers, shows that Schlumberger NV has been consistently paying its payables at a relatively slower pace. The ratio was 0.26 in December 2020 and increased to 0.24 by December 2024. This may indicate that the company is taking longer to pay its suppliers compared to its industry peers.

- Working Capital Turnover: The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales. Schlumberger NV's working capital turnover has shown a decreasing trend over the years, from a high of 10.68 in June 2020 to a low of 4.65 in December 2024. This could suggest that the company's efficiency in generating sales with its working capital has declined.

In conclusion, while Schlumberger NV has maintained relatively stable inventory turnover and receivables turnover ratios, the company's payables turnover and working capital turnover ratios show some areas for potential improvement in managing supplier payments and optimizing the use of working capital.

Average number of days

		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
Days of inventory on hand (DOH)	days	1,574.83	1,644.48	1,828.65	2,159.15	2,214.74	2,334.81	2,326.61	2,327.96	2,156.03	2,201.16	2,155.24	2,069.26	1,863.15	—	—	—	1,598.19	341.21	336.93	376.81
Days of sales outstanding (DSO)	days	109.17	84.64	90.67	89.30	87.37	122.85	121.33	127.08	123.01	93.27	93.50	89.74	86.64	89.58	92.07	91.97	82.75	78.75	73.12	85.67
Number of days of payables	days	1,522.63	—	—	—	2,328.83	—	—	—	2,113.98	—	—	—	1,825.00	—	—	—	1,399.48	—	—	—

Schlumberger NV's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past few years, starting at 376.81 days in March 2020 and peaking at 2,327.96 days in March 2023 before slightly decreasing to 2,159.15 days in March 2024. This indicates that the company may be experiencing challenges in managing its inventory efficiently, with an increasing number of days required to sell its inventory.

In terms of Days of Sales Outstanding (DSO), Schlumberger NV has also exhibited variability in its collection period over the same period. The DSO increased significantly from 82.75 days in December 2020 to 127.08 days in March 2023 before declining to 89.30 days in March 2024. This indicates potential issues with collecting receivables promptly, which could affect the company's cash flow and working capital management.

On the other hand, Schlumberger NV's Number of Days of Payables remained relatively stable until December 2020 when it jumped to 1,399.48 days, suggesting an extended period for the company to pay its obligations. This trend continued with a further increase to 2,328.83 days by December 2023, before dropping to 1,522.63 days in December 2024. Such a lengthy payables period could indicate difficulties in negotiating favorable payment terms with suppliers.

Overall, Schlumberger NV's activity ratios reflect challenges in managing inventory, collecting receivables, and paying obligations efficiently, highlighting the importance of improving working capital management to enhance operational effectiveness and financial performance.

Long-term

	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
Fixed asset turnover	3.64	4.84	4.72	4.63	4.51	3.48	3.39	3.25	3.04	3.89	3.82	3.66	3.39	3.42	3.27	3.16	3.39	3.48	3.75	3.73
Total asset turnover	0.55	0.72	0.70	0.70	0.68	0.52	0.52	0.50	0.47	0.59	0.57	0.55	0.54	0.53	0.52	0.50	0.55	0.58	0.65	0.66

The Fixed Asset Turnover ratio for Schlumberger NV has shown fluctuations over the years, indicating the company's ability to generate revenue from its fixed assets. The ratio ranged from 3.04 to 4.84 during the period from March 31, 2022, to December 31, 2024, with the highest value achieved in the fourth quarter of 2024.

On the other hand, the Total Asset Turnover ratio provides insight into the efficiency of Schlumberger NV in generating sales from all its assets. The ratio fluctuated between 0.47 and 0.72 from December 31, 2022, to September 30, 2024, with the highest value recorded in the fourth quarter of 2024.

Both ratios demonstrate Schlumberger NV's effectiveness in utilizing its fixed and total assets to generate revenues, with the Total Asset Turnover ratio reflecting a broader perspective on asset efficiency. The upward trend in these ratios indicates improvements in asset utilization and revenue generation efficiencies over the analyzed period.