Schlumberger NV (SLB)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 36,289,000 | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 |
| Receivables | US$ in thousands | 8,011,000 | 7,812,000 | 6,766,000 | 5,315,000 | 5,247,000 |
| Receivables turnover | 4.53 | 4.18 | 4.10 | 4.21 | 4.41 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $36,289,000K ÷ $8,011,000K
= 4.53
The receivables turnover ratio for Schlumberger NV decreased from 4.41 in December 31, 2020, to 4.21 in December 31, 2021, before further declining to 4.10 in December 31, 2022. However, there was a slight improvement as the ratio increased to 4.18 in December 31, 2023, and then significantly rose to 4.53 in December 31, 2024. This trend indicates that the company's ability to collect outstanding receivables improved overall in the later years of the period, reflecting a more efficient management of accounts receivable. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly, which can be a positive sign of financial health and effective credit policies.
Peer comparison
Dec 31, 2024