Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

Calculation

SLB N.V., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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 Return on Assets (ROA) exhibited a generally positive trend from 2005 through 2007, followed by significant fluctuations over the subsequent period. A period of decline and eventual negative ROA values occurred between 2015 and 2019, before recovering in later years.

Initial Growth (2005-2007)
From 2005 to 2007, ROA increased consistently, rising from 12.21% to 18.58%. This indicates improving profitability relative to the asset base during this timeframe. Net income also showed a strong upward trend during this period, contributing to the ROA increase.
Volatility and Decline (2008-2014)
Following 2007, ROA experienced increased volatility. While remaining positive for most of this period, it decreased to 9.37% in 2009 before recovering somewhat. From 2012 to 2014, ROA showed a gradual decline, decreasing from 8.92% to 8.13% and then to 3.05%. This period coincided with fluctuations in net income and a steady increase in total assets.
Negative ROA (2015-2019)
The period from 2015 to 2019 was marked by significant challenges. ROA turned negative in 2015 at -2.16% and reached its lowest point in 2019 at -18.00%. This coincided with a substantial decrease in net income, including a significant net loss in 2019. Total assets remained relatively high during this period, exacerbating the negative ROA.
Recovery and Stabilization (2020-2025)
Beginning in 2020, ROA began a recovery, moving from -24.79% to 6.15% in 2025. This improvement was driven by a return to positive net income, although the asset base remained substantial. The ROA values from 2022 to 2025 demonstrate a stabilizing trend, ranging between 8.76% and 9.12% before decreasing to 6.15% in the most recent year.

Overall, the ROA demonstrates a cyclical pattern, influenced by both profitability and asset management. The substantial decline and subsequent recovery highlight the company’s vulnerability to external factors and its ability to adapt and improve performance over time.


Comparison to Industry (Energy)