Schlumberger NV (SLB)

Working capital 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 current assets	US$ in thousands	17,718,000	17,038,000	16,154,000	15,400,000	15,003,000	15,611,000	14,316,000	13,253,000	12,654,000	12,387,000	12,077,000	12,807,000	12,919,000	14,215,000	14,379,000	16,266,000	15,530,000	16,151,000	16,333,000	15,773,000
Total current liabilities	US$ in thousands	13,395,000	12,528,000	12,163,000	12,252,000	12,018,000	11,134,000	10,583,000	10,696,000	10,359,000	9,735,000	8,784,000	9,873,000	10,491,000	11,651,000	11,665,000	13,262,000	13,098,000	12,483,000	11,773,000	11,697,000
Working capital turnover		7.55	5.30	5.79	6.91	6.73	5.81	6.53	9.09	9.76	8.22	6.44	7.13	9.53	10.04	10.68	10.62	13.28	8.85	7.12	7.97

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $32,635,000K ÷ ($17,718,000K – $13,395,000K)
= 7.55

The working capital turnover of Schlumberger Ltd. has fluctuated over the past eight quarters, ranging from 5.91 to 9.49. This ratio measures the efficiency of the company in generating sales revenue from its working capital. A higher turnover ratio indicates that the company is able to efficiently use its working capital to generate sales.

Looking at the trend, the working capital turnover ratio has generally been quite healthy in the last eight quarters, demonstrating the company's ability to effectively use its working capital to generate revenues.

The dip in the ratio in the third quarter of 2022 followed by a significant increase in the following quarter could indicate a shift in the company's working capital management, potentially due to changes in operating activities or the overall economic environment.

However, it's important to perform a more comprehensive analysis, considering other financial ratios and qualitative factors, to accurately assess the company's working capital management and its overall impact on the business.