Schlumberger NV (SLB)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,712,000 | 5,635,000 | 5,368,000 | 5,227,000 | 4,710,000 | 4,143,000 | 3,708,000 | 3,109,000 | 2,867,000 | 2,591,000 | 1,857,000 | -2,298,000 | -10,768,000 | -10,786,000 | -22,682,000 | -18,446,000 | -9,838,000 | -9,648,000 | 3,093,000 | 3,026,000 |
| Long-term debt | US$ in thousands | 10,842,000 | 11,147,000 | 11,342,000 | 10,698,000 | 10,594,000 | 12,452,000 | 12,946,000 | 13,163,000 | 13,286,000 | 14,370,000 | 15,687,000 | 15,834,000 | 16,036,000 | 16,471,000 | 5,000,000 | 15,409,000 | 14,770,000 | 16,333,000 | 16,978,000 | 16,449,000 |
| 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 |
| Return on total capital | 18.41% | 18.46% | 17.92% | 18.17% | 16.66% | 13.97% | 12.67% | 10.90% | 10.13% | 9.34% | 6.53% | -8.10% | -38.31% | -37.96% | -133.11% | -59.56% | -25.53% | -23.97% | 5.85% | 5.76% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,712,000K ÷ ($10,842,000K + $20,189,000K)
= 18.41%
Schlumberger Ltd.'s return on total capital has demonstrated a consistent upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profit from its total capital employed. The return on total capital increased from 10.22% in the first quarter of 2022 to 17.71% in the fourth quarter of 2023. This sustained improvement suggests that the company is effectively utilizing its capital to generate returns for its shareholders and investors. The upward trajectory reflects positively on the company's operational efficiency, financial management, and overall performance during the period under review. This trend may be indicative of successful strategic initiatives and prudent capital allocation by Schlumberger Ltd.
Peer comparison
Dec 31, 2023