Schlumberger NV (SLB)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,784,000 | 35,620,000 | 34,642,000 | 33,607,000 | 32,635,000 | 23,914,000 | 23,088,000 | 21,765,000 | 20,076,000 | 26,025,000 | 24,387,000 | 23,236,000 | 22,390,000 | 21,794,000 | 21,197,000 | 20,911,000 | 23,143,000 | 25,732,000 | 28,993,000 | 31,894,000 |
| Receivables | US$ in thousands | 8,011,000 | 8,260,000 | 8,605,000 | 8,222,000 | 7,812,000 | 8,049,000 | 7,675,000 | 7,578,000 | 6,766,000 | 6,650,000 | 6,247,000 | 5,713,000 | 5,315,000 | 5,349,000 | 5,347,000 | 5,269,000 | 5,247,000 | 5,552,000 | 5,808,000 | 7,486,000 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,784,000K ÷ $8,011,000K
= 3.34
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. Schlumberger NV's receivables turnover ratio fluctuated over the analyzed period, ranging from a high of 4.99 in June 2020 to a low of 2.87 in March 2023.
Generally, a higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly, which is a positive sign of efficient operations. Conversely, a lower ratio may suggest that the company is experiencing difficulties in collecting payments from customers.
It is worth noting that Schlumberger NV's receivables turnover ratio experienced some volatility, with occasional fluctuations both upward and downward. This could be indicative of changes in the company's customer base, credit policies, or economic conditions impacting the timing of receivables collections.
Overall, a downward trend in the receivables turnover ratio over time, as seen in the latter part of the analyzed period, could warrant further investigation into the company's credit and collection policies to ensure timely receipt of payments and maintain healthy cash flow.
Peer comparison
Dec 31, 2024