Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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SLB N.V., total asset turnover, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data indicates several notable trends in the company’s performance over the analyzed period. Revenue generally exhibits a growth trajectory with occasional declines. Total assets have shown significant expansion, particularly from 2009 to 2012, followed by some fluctuations and stabilization in the later years. The total asset turnover ratio demonstrates variability, reflecting changes in operational efficiency relative to asset base size.

Revenue Trends
Revenue increased steadily from 14,309 million USD in 2005 to a peak of 48,580 million USD in 2014, marking a more than threefold increase over nine years. However, a sharp decline occurred in 2015, dropping to 35,475 million USD, and revenue continued to decrease to 23,601 million USD by 2020. From 2021 onwards, revenue recovered, reaching 36,289 million USD by 2024, approaching prior peak levels. These fluctuations suggest sensitivity to market or operational challenges, with recent recovery indicating improved conditions or strategic adjustments.
Total Assets Evolution
Total assets grew consistently from 18,077 million USD in 2005 to a significant high of 77,956 million USD in 2016, more than quadrupling in this timeframe. Post-2016, total assets fluctuated downward and plateaued, ending at 48,935 million USD in 2024. The asset growth period corresponds with increased capacity or investment, while the subsequent decline suggests divestitures, asset impairment, or strategic refocusing on asset utilization.
Total Asset Turnover Analysis
The total asset turnover ratio started at 0.79 in 2005, slightly improved to 0.85 by 2008, then saw a notable decrease to 0.36 by 2016, indicating a reduction in revenue generated per unit of asset base. From 2016, the ratio improved gradually, reaching 0.74 by 2024. The decline in asset turnover during the peak asset period implies lower efficiency or underutilized asset base, whereas the recent uptrend suggests enhanced operational efficiency or better asset management.
Summary Insights
The combined analysis suggests the company underwent phases of rapid asset accumulation and revenue growth, followed by periods of revenue contraction and asset reduction. The relatively low asset turnover during asset growth years highlights challenges in maintaining efficiency. The recent recovery in revenue alongside improved asset turnover points to successful measures in optimizing asset use and market conditions. Continuous monitoring of these metrics is essential to sustain advantageous performance trends and responsiveness to market dynamics.

Comparison to Industry (Energy)