Schlumberger NV (SLB)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	20,189,000	19,386,000	18,608,000	18,068,000	17,685,000	17,199,000	16,325,000	15,347,000	15,004,000	13,362,000	12,762,000	12,543,000	12,071,000	11,941,000	12,040,000	15,561,000	23,760,000	23,913,000	35,852,000	36,103,000
ROE		20.81%	21.43%	21.16%	21.39%	19.45%	17.31%	16.05%	13.63%	12.54%	12.38%	8.01%	-22.67%	-87.13%	-88.43%	-181.56%	-115.25%	-42.66%	-41.53%	5.85%	5.63%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,202,000K ÷ $20,189,000K
= 20.81%

To analyze Schlumberger Ltd.'s return on equity (ROE), we will examine the trend in ROE over the past eight quarters. ROE is a measure of a company's profitability that indicates how effectively it is using the equity invested in the business to generate profit.

Looking at the data, we can observe an improving trend in ROE over the past eight quarters. The ROE has increased from 13.63% in March 2022 to 20.82% in December 2023. This signifies that the company has been becoming more efficient in generating profits from shareholders' equity.

The gradual increase in ROE indicates that the company's management has been effective in utilizing the shareholders' equity to generate profits. The consistent improvement in ROE suggests that the company is growing its profitability relative to the equity invested in the business.

It's worth noting that a higher ROE indicates that the company is more efficient at generating profits, which could be a positive sign for shareholders and potential investors. However, it's important to further analyze the company's financial statements and operations to understand the drivers behind this trend in ROE and assess the sustainability of this improvement over the long term.