Schlumberger NV (SLB)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 56,312,000 | 57,990,000 | 70,591,000 | 70,321,000 |
| Total asset turnover | 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 | 0.57 | 0.56 | 0.46 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $32,635,000K ÷ $47,957,000K
= 0.68
The total asset turnover for Schlumberger Ltd. has fluctuated over the past eight quarters, ranging between 0.56 and 0.70. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate sales.
The trend in total asset turnover shows a gradual improvement, with a notable increase from 0.56 in Q1 2022 to 0.69 in Q4 2023. This suggests that Schlumberger Ltd. has been able to generate more sales relative to its total assets over this period.
However, it's important to note that an overly high total asset turnover may indicate underutilization of assets or excessive reliance on asset turnover for revenue generation, which can potentially lead to operational inefficiencies or inadequate investment in productive assets. Therefore, it is essential for the company to maintain a balance and consider other financial metrics alongside total asset turnover for a comprehensive performance evaluation.
Peer comparison
Dec 31, 2023