Schlumberger NV (SLB)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	5,209,000	5,141,000	4,881,000	4,743,000	4,220,000	3,637,000	3,194,000	2,583,000	2,328,000	2,045,000	1,303,000	-2,860,000	-11,330,000	-11,351,000	-23,269,000	-19,045,000	-10,448,000	-10,252,000	2,502,000	2,447,000
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
Pretax margin		15.96%	21.50%	21.14%	21.79%	21.02%	13.98%	13.10%	11.12%	10.40%	9.38%	6.15%	-13.68%	-48.96%	-44.11%	-80.26%	-59.71%	-32.34%	-31.57%	7.71%	7.53%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,209,000K ÷ $32,635,000K
= 15.96%

The pretax margin of Schlumberger Ltd. has exhibited a steady increase from 11.10% in March 2022 to 15.94% in December 2023. This indicates improving operational efficiency and cost management, as the company is generating higher pre-tax profits relative to its total revenue. The upward trend suggests that management has been successful in controlling expenses and optimizing the company's overall profitability. However, it is important for investors to continue monitoring this metric to ensure the sustainability of this positive trend.