Schlumberger NV (SLB)
Total asset 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 |
| Total assets | US$ in thousands | 48,935,000 | 49,775,000 | 49,373,000 | 47,856,000 | 47,957,000 | 45,813,000 | 44,826,000 | 43,855,000 | 43,135,000 | 44,093,000 | 42,827,000 | 41,967,000 | 41,511,000 | 41,038,000 | 40,908,000 | 42,036,000 | 42,434,000 | 44,066,000 | 44,667,000 | 48,594,000 |
| Total asset turnover | 0.55 | 0.72 | 0.70 | 0.70 | 0.68 | 0.52 | 0.52 | 0.50 | 0.47 | 0.59 | 0.57 | 0.55 | 0.54 | 0.53 | 0.52 | 0.50 | 0.55 | 0.58 | 0.65 | 0.66 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,784,000K ÷ $48,935,000K
= 0.55
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. Looking at the data provided for Schlumberger NV, we observe fluctuations in the total asset turnover ratio over the given time period.
From March 31, 2020, to December 31, 2022, the total asset turnover ratio ranged between 0.47 and 0.59. The ratio dipped to its lowest point in December 31, 2022, indicating that Schlumberger NV was generating $0.47 of revenue for every dollar of assets held.
However, there was a gradual improvement in the total asset turnover ratio during 2023, reaching its peak in March 31, 2024, and June 30, 2024, at 0.70. This implies a higher efficiency in utilizing assets to generate revenue during these periods.
In the subsequent quarters, the ratio slightly decreased but remained relatively stable around 0.70, indicating a consistent level of asset utilization efficiency.
Overall, while there were fluctuations in total asset turnover over the given period, Schlumberger NV showed improvements in asset utilization efficiency, particularly in 2023 and early 2024, which is a positive indicator of the company's operational performance and revenue generation capabilities.
Peer comparison
Dec 31, 2024