Analysis of Inventory
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
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- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Inventory Disclosure
SLB N.V., balance sheet: inventory
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials & field materials | |||||||||||
| Work in process | |||||||||||
| Finished goods | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of the inventory components over the five-year period reveals distinct trends in raw materials, work in process, and finished goods.
- Raw Materials & Field Materials
- This category shows a consistent upward trajectory from 2020 to 2024. Starting at 1,573 million US dollars in 2020, it increased steadily each year, reaching 2,387 million US dollars by the end of 2024. The most notable jump occurred between 2021 and 2022, indicating an increased accumulation or procurement of raw materials in the later years.
- Work in Process
- The values for work in process experienced an initial decline from 464 million US dollars in 2020 to 425 million in 2021. However, from 2021 onwards, there was a significant upward trend, reaching 786 million US dollars in 2024. This suggests increased production activity or possibly longer processing times in recent years.
- Finished Goods
- Finished goods inventory showed a decreasing trend over the period. Starting at 1,317 million US dollars in 2020, this category declined to 1,202 million US dollars by 2024, with some fluctuations in between. A peak in 2022 (1,367 million) was followed by a gradual reduction, indicating possible improvements in sales or inventory management.
- Total Inventories
- Overall inventory levels grew from 3,354 million US dollars in 2020 to a peak of 4,387 million in 2023, before slightly declining to 4,375 million in 2024. The total increase is predominantly driven by the rise in raw materials and work in process inventory, while the decrease in finished goods partially offsets this growth. The slight reduction in the final year may reflect adjustments in inventory strategy or market demand conditions.
In summary, the data highlights a growing investment in raw materials and production stages, contrasted with a modest decline in finished goods inventory. This pattern suggests a focus on expanding production capacity or preparing for future demand, balanced against efforts to optimize final inventory levels.