Schlumberger NV (SLB)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 31,912,000 | 23,415,000 | 22,578,000 | 21,267,000 | 19,573,000 | 25,338,000 | 23,715,000 | 22,580,000 | 21,749,000 | 24,256,000 | 23,650,000 | 23,348,000 | 22,377,000 | 13,862,000 | 17,011,000 | 19,795,000 | 23,296,000 | 30,937,000 | 30,917,000 | 30,953,000 |
| 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 |
| Gross profit margin | 97.78% | 97.91% | 97.79% | 97.71% | 97.49% | 97.36% | 97.24% | 97.18% | 97.14% | 111.30% | 111.57% | 111.65% | 96.69% | 53.87% | 58.67% | 62.06% | 72.11% | 95.25% | 95.26% | 95.24% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $31,912,000K ÷ $32,635,000K
= 97.78%
The gross profit margin of Schlumberger Ltd. has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its core business activities. The gross profit margin increased from 16.43% in March 2022 to 19.81% in December 2023. This upward trajectory suggests that the company has effectively managed its costs of goods sold and/or increased the pricing of its products and services.
The gradual improvement in the gross profit margin reflects positively on the company's operational efficiency and pricing strategies. It suggests that Schlumberger Ltd. has been able to maintain a healthy balance between revenue generation and the cost of goods sold, which is essential for sustainable profitability.
Overall, the consistent improvement in the gross profit margin of Schlumberger Ltd. demonstrates the company's ability to effectively manage its production and sales processes, thereby enhancing its overall profitability. This trend may indicate positive prospects for the company's financial performance in the coming periods.
Peer comparison
Dec 31, 2023