Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

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Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Schlumberger Ltd., balance sheet: inventory

US$ in millions

Microsoft Excel
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).


Raw materials & field materials
The value of raw materials and field materials showed a consistent upward trend over the five-year period. Starting at 1,573 million US dollars in 2020, it increased slightly to 1,594 million in 2021, followed by more significant growth to 2,085 million in 2022. This upward trajectory continued with increases to 2,296 million in 2023 and 2,387 million in 2024, indicating steady accumulation or purchase of raw materials and field materials over time.
Work in process
Work in process inventory exhibited fluctuations but an overall increasing trend. It initially decreased from 464 million US dollars in 2020 to 425 million in 2021. Afterward, it rose markedly to 547 million in 2022, then increased further to 762 million in 2023 and 786 million in 2024. This suggests a buildup in partially completed goods, reflecting possibly higher production or delays in completion.
Finished goods
The finished goods inventory showed a declining trend over the period. It started at 1,317 million US dollars in 2020, followed by a slight decrease to 1,253 million in 2021. The inventory rose modestly to 1,367 million in 2022 but then declined to 1,329 million in 2023 and dropped further to 1,202 million in 2024. This pattern may indicate efforts to reduce finished goods stock, potentially to manage inventory levels or in response to demand changes.
Inventories (Total)
Total inventories reflect the aggregate of the components and showed an overall growth trend from 3,354 million US dollars in 2020 to a peak of 4,387 million in 2023, indicating an expansion of total inventories over these years. However, there was a slight decrease to 4,375 million in 2024, suggesting a stabilization or mild reduction after substantial growth.