Schlumberger NV (SLB)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,461,000 | 4,478,000 | 4,415,000 | 4,336,000 | 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 |
| Total assets | US$ in thousands | 48,935,000 | 49,775,000 | 49,373,000 | 47,856,000 | 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 |
| ROA | 9.12% | 9.00% | 8.94% | 9.06% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,461,000K ÷ $48,935,000K
= 9.12%
The return on assets (ROA) for Schlumberger NV has shown a substantial improvement over the past few periods, starting from a negative position in March 2020 and gradually increasing to positive values. As of December 2024, the ROA stands at 9.12%, indicating that the company is generating a profit of 9.12 cents for every dollar of assets it owns.
This positive trend in ROA is a favorable sign as it suggests that Schlumberger NV is effectively utilizing its assets to generate profits. The company's management may have implemented strategies to improve operational efficiency, reduce costs, and enhance revenue generation, leading to the consistent improvement in ROA.
Investors and stakeholders typically view a rising ROA positively, as it demonstrates the effectiveness of management in generating returns from the company's assets. However, it is important to continue monitoring Schlumberger NV's ROA in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2024