Schlumberger NV (SLB)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 | 32,308,000 |
| Receivables | US$ in thousands | 7,812,000 | 6,766,000 | 5,315,000 | 5,247,000 | 7,747,000 |
| Receivables turnover | 4.18 | 4.10 | 4.21 | 4.41 | 4.17 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $32,632,000K ÷ $7,812,000K
= 4.18
The receivables turnover of Schlumberger Ltd. has experienced fluctuations over the past five years. The ratio, which measures how efficiently a company is collecting on its credit sales, was 4.24 in 2023, slightly higher compared to 3.99 in 2022. This suggests that in 2023, Schlumberger Ltd. was able to collect its accounts receivable more frequently throughout the year. However, it's worth noting that the 2023 figure is still lower than the 4.50 recorded in 2020 and the 4.31 in 2021, indicating a potential decrease in the efficiency of collecting receivables compared to those years. Overall, the company's ability to convert receivables to cash has shown some variability in recent years. Further analysis and comparison with industry benchmarks would be necessary to assess the full implications of these changes.
Peer comparison
Dec 31, 2023