Schlumberger NV (SLB)
Working capital 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 current assets | US$ in thousands | 18,570,000 | 18,801,000 | 18,517,000 | 17,700,000 | 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 |
| Total current liabilities | US$ in thousands | 12,811,000 | 12,699,000 | 12,409,000 | 12,879,000 | 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 |
| Working capital turnover | 4.65 | 5.84 | 5.67 | 6.97 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,784,000K ÷ ($18,570,000K – $12,811,000K)
= 4.65
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital.
Analyzing the working capital turnover of Schlumberger NV over the provided quarters, we observe fluctuations in the ratio:
- The ratio remained relatively stable around 10 during the first three quarters of 2020, indicating efficient utilization of working capital to generate revenue.
- However, from March 31, 2021, to June 30, 2021, there was a noticeable decline in the ratio to around 6, suggesting a decrease in the efficiency of working capital turnover.
- The ratio recovered slightly in the following quarters but remained below the levels seen in 2020.
- Over the subsequent quarters, there were further fluctuations in the ratio, with occasional improvements but with a general trend of decline.
- By the end of December 31, 2024, the working capital turnover ratio dropped to 4.65, the lowest point in the period analyzed.
Overall, the working capital turnover of Schlumberger NV exhibited a declining trend over the analyzed period, indicating potential challenges in effectively utilizing working capital to support the company's operations and generate sales. Further analysis and investigation into the company's working capital management practices may be warranted to address these trends and improve efficiency in this area.
Peer comparison
Dec 31, 2024