Schlumberger NV (SLB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 21,130,000 | 20,189,000 | 17,685,000 | 15,004,000 | 12,071,000 |
| ROE | 21.11% | 20.82% | 19.46% | 12.54% | -87.13% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $4,461,000K ÷ $21,130,000K
= 21.11%
Schlumberger NV's return on equity (ROE) experienced a significant improvement over the years based on the provided data. From negative ROE of -87.13% in December 31, 2020, the company's ROE turned positive and increased to 12.54% by December 31, 2021. The trend of improvement continued with ROE reaching 19.46% by December 31, 2022, 20.82% by December 31, 2023, and further to 21.11% by December 31, 2024.
This positive trend indicates that Schlumberger NV was able to generate higher levels of net income relative to shareholders' equity over the years. It suggests that the company's profitability and efficiency in utilizing shareholders' funds have been improving steadily. The increasing ROE demonstrates that Schlumberger NV's management has been effective in generating returns for its shareholders, and investors may view this positively as a measure of the company's financial performance and value creation.
Peer comparison
Dec 31, 2024