Stock Analysis on Net

SLB N.V. (NYSE:SLB)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

SLB N.V., total asset turnover, 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 total asset turnover ratio for the period examined demonstrates considerable fluctuation. Initially, the ratio exhibited a slight increasing trend from 2005 to 2008, followed by a period of decline and subsequent volatility. A general upward trend is observed in the most recent years of the period.

Initial Trend (2005-2008)
From 2005 to 2008, the total asset turnover ratio increased from 0.79 to 0.85. This indicates a growing efficiency in utilizing assets to generate revenue during this timeframe. The increase, while present, was relatively modest.
Significant Decline (2008-2016)
Following 2008, a substantial decline in the ratio is apparent. The ratio decreased to a low of 0.36 in 2016. This suggests a significant decrease in the efficiency of asset utilization, potentially due to a combination of factors including economic conditions and company-specific strategic shifts. The period between 2009 and 2016 shows considerable volatility, with no clear consistent trend beyond the overall downward direction.
Recovery and Recent Trend (2016-2025)
Beginning in 2016, the ratio began to recover, increasing to 0.74 in 2022. This recovery suggests improved asset utilization efficiency. The ratio experienced a slight decrease in 2023 and 2024, settling at 0.65 in 2025. While the most recent values are lower than the peak in 2022, they represent a substantial improvement compared to the lows experienced between 2009 and 2016.
Overall Volatility
Throughout the entire period, the total asset turnover ratio demonstrates significant volatility. This suggests that the company’s ability to generate revenue from its assets is subject to considerable variation, potentially influenced by external economic factors, industry dynamics, and internal operational changes. The range between the highest (0.85) and lowest (0.36) values is substantial, indicating a considerable shift in operational efficiency over the observed timeframe.

The fluctuations in the total asset turnover ratio warrant further investigation to understand the underlying drivers of these changes and their impact on the company’s overall financial performance.


Comparison to Industry (Energy)