Schlumberger NV (SLB)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,461,000 | 4,203,000 | 3,441,000 | 1,881,000 | -10,518,000 |
| Total assets | US$ in thousands | 48,935,000 | 47,957,000 | 43,135,000 | 41,511,000 | 42,434,000 |
| ROA | 9.12% | 8.76% | 7.98% | 4.53% | -24.79% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,461,000K ÷ $48,935,000K
= 9.12%
Return on assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its total assets. Looking at Schlumberger NV's ROA over the past few years, we observe a significant improvement in performance.
As of December 31, 2020, Schlumberger NV had a negative ROA of -24.79%, indicating that the company was not efficiently utilizing its assets to generate profits. However, in the following years, there was a noticeable turnaround. By December 31, 2021, the ROA had improved to 4.53%, signaling a shift towards profitability.
Subsequently, Schlumberger NV continued to enhance its asset utilization efficiency, with ROA reaching 7.98% by December 31, 2022, further climbing to 8.76% by December 31, 2023, and ultimately peaking at 9.12% by December 31, 2024. These positive trends suggest that the company was able to generate increasing profits relative to its asset base over the years, indicating improved operational efficiency and potentially better management of resources.
Overall, the upward trajectory in Schlumberger NV's ROA demonstrates a strengthening financial performance and suggests a positive outlook for the company's profitability and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2024