Schlumberger NV (SLB)

Net 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
Net income (ttm)	US$ in thousands	4,202,000	4,154,000	3,938,000	3,864,000	3,440,000	2,977,000	2,620,000	2,092,000	1,881,000	1,654,000	1,022,000	-2,843,000	-10,518,000	-10,559,000	-21,860,000	-17,934,000	-10,137,000	-9,931,000	2,096,000	2,034,000
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
Net profit margin		12.88%	17.37%	17.06%	17.75%	17.13%	11.44%	10.74%	9.00%	8.40%	7.59%	4.82%	-13.60%	-45.45%	-41.03%	-75.40%	-56.23%	-31.38%	-30.58%	6.46%	6.26%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,202,000K ÷ $32,635,000K
= 12.88%

The net profit margin of Schlumberger Ltd. has shown a positive trend over the past eight quarters, indicating an improvement in profitability. The net profit margin, which represents the percentage of each dollar of revenue that translates into profit after all expenses are deducted, has increased from 8.84% in March 2022 to 12.68% in December 2023. This improvement suggests that the company has been effectively managing its expenses relative to its revenue, resulting in a higher proportion of sales converting into net income. The consecutive growth in net profit margin reflects positively on the company's operational efficiency and cost management strategies.