Schlumberger NV (SLB)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	47,957,000	45,813,000	44,826,000	43,855,000	43,135,000	44,093,000	42,827,000	41,967,000	41,511,000	41,038,000	40,908,000	42,036,000	42,434,000	44,066,000	44,667,000	48,594,000	56,312,000	57,990,000	70,591,000	70,321,000
Operating ROA		13.60%	13.56%	13.23%	12.56%	11.61%	10.07%	9.22%	8.57%	8.11%	7.39%	6.60%	5.45%	5.66%	6.25%	7.33%	7.91%	7.06%	6.79%	5.66%	5.86%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $6,523,000K ÷ $47,957,000K
= 13.60%

To analyze Schlumberger Ltd.'s operating return on assets (operating ROA), we can observe the trend in the operating ROA over the past eight quarters. Operating ROA is a measure of a company's profitability, indicating the efficiency of using its assets to generate operating income.

From the data provided, we can observe that Schlumberger's operating ROA has shown an increasing trend over the past eight quarters, starting at 7.08% in March 2022 and reaching 11.44% in December 2023. This indicates that the company has been effectively utilizing its assets to generate operating income.

The consistent improvement in operating ROA is a positive sign and indicates that Schlumberger has been able to increase its operating income relative to its total assets. This may be attributed to improved operational efficiency, cost management, and revenue generation.

It is important to note that an increasing operating ROA reflects the ability of the company to generate more operating income from its assets, which is a positive indicator for shareholders and potential investors.

Overall, the trend in Schlumberger's operating ROA suggests that the company has been improving its operational efficiency and profitability over the past eight quarters. This positive trend may signal effective management of assets and operations within the company.