Schlumberger NV (SLB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,523,000 | 5,011,000 | 3,365,000 | 2,401,000 | 3,978,000 |
| Revenue | US$ in thousands | 32,632,000 | 27,708,000 | 22,390,000 | 23,142,000 | 32,308,000 |
| Operating profit margin | 19.99% | 18.09% | 15.03% | 10.38% | 12.31% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,523,000K ÷ $32,632,000K
= 19.99%
Schlumberger Ltd.'s operating profit margin has shown a positive trend over the past five years. The operating profit margin increased from 9.13% in 2019 to 16.56% in 2023. This indicates that the company has been able to effectively control its operating expenses in relation to its revenue, leading to an improved operating efficiency. The consistent upward trend in the operating profit margin suggests that the company has been successful in managing its costs and enhancing operational performance, which ultimately contributes to higher profitability. This positive trend in the operating profit margin reflects favorably on Schlumberger Ltd.'s ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023