Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Schlumberger Ltd., 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


Revenue Trends
Revenue showed a general upward trend from 2005 to 2014, increasing from 14,309 million USD to a peak of 48,580 million USD. After 2014, there was a notable decline reaching 23,601 million USD in 2020. Subsequently, revenue recovered steadily, rising back to 36,289 million USD by 2024. This pattern suggests the company experienced significant growth until 2014, followed by a period of contraction and then gradual recovery in recent years.
Total Assets Trends
Total assets increased significantly from 18,077 million USD in 2005 to a peak of 77,956 million USD in 2016. After reaching this peak, total assets decreased steadily to 42,434 million USD by 2020. Since 2020, total assets have grown moderately, reaching 48,935 million USD in 2024. This indicates a phase of aggressive asset accumulation up to 2016, followed by asset reduction and recent cautious expansion.
Total Asset Turnover Trends
The total asset turnover ratio started at 0.79 in 2005, remained relatively stable until 2008, then declined sharply to 0.36 in 2016. From 2016 onward, the ratio improved progressively to 0.74 in 2024. This trend reflects a decline in efficiency in utilizing assets to generate revenue during the mid-period, with significant operational improvements executed subsequently to enhance asset productivity.
Summary Insights
Overall, the data depict a company that experienced growth in revenue and assets through the early 2000s until around the mid-2010s. The period following 2014 was characterized by a contraction in both revenue and asset base, accompanied by a drop in asset efficiency. However, from approximately 2016 onwards, the company has taken steps leading to gradual recovery in revenue, increased asset utilization efficiency, and moderate asset growth. This suggests strategic adjustments and improvements in operational management after a challenging period.

Comparison to Industry (Energy)