Common-Size Balance Sheet: Assets
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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
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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SLB N.V., common-size consolidated balance sheet: assets
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).
- Cash and Short-term Investments
- Cash as a percentage of total assets shows a consistent upward trend, increasing from 1.99% in 2020 to 7.24% in 2024, indicating a growing liquidity position. In contrast, short-term investments have decreased steadily from 5.09% in 2020 to approximately 2.3% in 2024, suggesting a possible shift in the composition of liquid assets from investments toward cash holdings.
- Receivables and Inventories
- Receivables, net of allowances, have increased notably from 12.37% in 2020 to about 16.37% in 2024, indicating a rise in credit extended to customers or delayed cash collections. Inventories displayed a moderate increase until 2022, peaking at 9.27%, then declining slightly to 8.94% in 2024, reflecting some inventory management adjustments but maintaining a relatively stable proportion of total assets.
- Other Current Assets and Current Assets Overall
- Other current assets have fluctuated slightly but remain fairly stable around low single digits in percentage terms. Overall, current assets have grown from 30.44% in 2020 to 37.95% in 2024, evidencing an increasing share of assets in short-term, liquid, or near-liquid form, which may support operational flexibility or meet short-term obligations.
- Investments and Fixed Assets
- Investments in affiliated companies have declined from 4.86% in 2020 to 3.34% in 2024, possibly reflecting divestitures or impairments. Fixed assets, net of depreciation, decreased slightly from 16.09% to around 15.04% over the period, indicating minimal capital expenditures or asset disposals relative to total assets, suggesting a relatively stable fixed asset base.
- Goodwill and Intangible Assets
- Goodwill consistently represents a significant portion of total assets, slightly decreasing from 30.59% in 2020 to a low of 29.37% in 2023 before a modest increase in 2024. Intangible assets have steadily declined from 8.14% to 6.16%, signaling possible amortization or impairments. The stability in goodwill coupled with the decrease in intangible assets indicates potential changes in the composition of intangible resources.
- Other Non-Current Assets
- "Investments in APS projects" show minor fluctuations but remain near 4% of total assets. Pension and other postretirement plan assets have declined from 0.85% in 2020 to 0.96% in 2024, after peaking in 2021, which may reflect changes in actuarial valuations or funding levels. Operating lease assets have remained relatively stable around 1.4%-1.7%. Exploration data costs capitalized are minimal and trend slightly downward, indicating limited exploration activity or capitalization in recent years. The fair value of hedge contracts shows a decline to near zero by 2024.
- Other Assets and Non-Current Assets Overall
- Other assets have decreased from 9.88% to 7.7%, contributing to a decline in total non-current assets from 69.56% to 62.05%. The overall reduction of non-current assets as a percentage of total assets suggests a shift towards a more asset-light or liquid asset structure over the five-year period.
- Summary of Asset Composition Trends
- The asset structure over the analyzed period reveals a clear trend toward increasing liquidity, illustrated by the rising share of cash and current assets. Concurrently, there is a moderate decline in non-current assets, particularly in investments and certain intangible components. Receivables have increased, indicating greater credit exposure. Fixed assets and goodwill remain substantial but show slight decreases, highlighting some stability with mild reductions in long-term asset bases. These shifts may reflect strategic adjustments toward liquidity management, risk mitigation, or changes in operational focus.