Schlumberger NV (SLB)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,523,000 | 6,212,000 | 5,929,000 | 5,507,000 | 5,010,000 | 4,439,000 | 3,947,000 | 3,595,000 | 3,365,000 | 3,033,000 | 2,700,000 | 2,289,000 | 2,401,000 | 2,753,000 | 3,274,000 | 3,846,000 | 3,978,000 | 3,939,000 | 3,995,000 | 4,121,000 |
| 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 |
| Operating profit margin | 19.99% | 25.98% | 25.68% | 25.30% | 24.96% | 17.06% | 16.18% | 15.47% | 15.03% | 13.92% | 12.74% | 10.95% | 10.37% | 10.70% | 11.29% | 12.06% | 12.31% | 12.13% | 12.31% | 12.68% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $6,523,000K ÷ $32,635,000K
= 19.99%
The operating profit margin of Schlumberger Ltd. has shown a consistent upward trend over the past eight quarters, indicating improving operational efficiency and profitability. The company's operating profit margin increased from 12.56% in March 2022 to 16.56% in December 2023. This demonstrates the company's ability to generate more profit from each dollar of sales over time. The progressive improvement in operating profit margin suggests effective cost management and increasing productivity in the company's operations. It is a positive indicator of the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023