Schlumberger NV (SLB)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 32,307,000 | 32,479,000 | 32,455,000 | 32,501,000 |
| Receivables | US$ in thousands | 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 | 7,747,000 | 8,332,000 | 8,471,000 | 8,171,000 |
| Receivables turnover | 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 | 4.17 | 3.90 | 3.83 | 3.98 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $32,635,000K ÷ $7,812,000K
= 4.18
The receivables turnover of Schlumberger Ltd. has been relatively stable over the past eight quarters, ranging from 3.94 to 4.24. This indicates that the company is able to efficiently collect payments from its customers and convert its accounts receivable into cash. A consistently high receivables turnover ratio suggests that the company has effective credit policies and is successful in managing its outstanding receivables. However, it's important to analyze this ratio in conjunction with other financial metrics to gain a comprehensive understanding of Schlumberger's overall financial performance and liquidity management.
Peer comparison
Dec 31, 2023