Schlumberger NV (SLB)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 31,909,000 | 27,031,000 | 21,749,000 | 22,406,000 | 21,978,000 |
| Revenue | US$ in thousands | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 | 32,308,000 |
| Gross profit margin | 97.78% | 97.56% | 97.14% | 96.82% | 68.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $31,909,000K ÷ $32,632,000K
= 97.78%
The gross profit margin of Schlumberger Ltd. has shown a positive trend over the past five years, increasing from 12.75% in 2019 to 19.81% in 2023. This indicates a gradual improvement in the company's ability to generate profits from its core operations while effectively managing the cost of goods sold. The consistent expansion of the gross profit margin reflects potential improvements in pricing strategies, cost controls, or operational efficiencies within the organization. Overall, this upward trajectory suggests that Schlumberger Ltd. has been successful in enhancing its profitability at the gross profit level in recent years.
Peer comparison
Dec 31, 2023