Schlumberger NV (SLB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,202,000 | 4,154,000 | 3,938,000 | 3,864,000 | 3,440,000 | 2,977,000 | 2,620,000 | 2,092,000 | 1,881,000 | 1,654,000 | 1,022,000 | -2,843,000 | -10,518,000 | -10,559,000 | -21,860,000 | -17,934,000 | -10,137,000 | -9,931,000 | 2,096,000 | 2,034,000 |
| 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 |
| ROA | 8.76% | 9.07% | 8.79% | 8.81% | 7.97% | 6.75% | 6.12% | 4.98% | 4.53% | 4.03% | 2.50% | -6.76% | -24.79% | -23.96% | -48.94% | -36.91% | -18.00% | -17.13% | 2.97% | 2.89% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,202,000K ÷ $47,957,000K
= 8.76%
To analyze Schlumberger Ltd.'s return on assets (ROA) over the past eight quarters, we can see a positive trend in the ROA ratio. The ROA has been steadily improving from 4.98% in March 2022 to 9.07% in September 2023. This improvement indicates that the company has been generating more profit relative to its assets over this period. The higher ROA suggests that Schlumberger Ltd. is managing its assets more efficiently and effectively, which can be a positive indicator for potential investors and stakeholders. It is important to further evaluate the company's operational performance and financial health to gain a comprehensive understanding of its overall profitability and asset management.
Peer comparison
Dec 31, 2023