Schlumberger NV (SLB)
Total asset 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 |
| Total assets | US$ in thousands | 48,935,000 | 47,957,000 | 43,135,000 | 41,511,000 | 42,434,000 |
| Total asset turnover | 0.74 | 0.68 | 0.64 | 0.54 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $36,289,000K ÷ $48,935,000K
= 0.74
The total asset turnover ratio of Schlumberger NV has shown a fluctuating trend over the past five years, indicating the company's efficiency in generating revenue from its total assets.
In 2020, the total asset turnover ratio was 0.55, suggesting that for every dollar of assets held by the company, it generated $0.55 in revenue. The ratio slightly decreased to 0.54 in 2021, indicating a slight decline in efficiency in utilizing assets to generate revenue.
However, the total asset turnover ratio improved in the subsequent years, reaching 0.64 in 2022, 0.68 in 2023, and further rising to 0.74 in 2024. This upward trend indicates that the company has been more effective in generating sales from its assets over these years.
Overall, the increasing trend in total asset turnover suggests that Schlumberger NV has enhanced its operational efficiency and asset utilization, which could positively impact its financial performance and profitability.
Peer comparison
Dec 31, 2024