Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Analysis of Geographic Areas

Microsoft Excel

Schlumberger Ltd. operates in 4 regions: North America; Latin America; Europe & Africa; and Middle East & Asia.


Area Asset Turnover

Schlumberger Ltd., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 4.58 4.11 3.26 3.45 2.97
Latin America 6.20 6.20 5.14 4.13 5.04
Europe & Africa 4.94 4.32 3.42 3.24 3.40
Middle East & Asia 4.46 4.30 3.93 3.64 4.08

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover North America North America area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Latin America Latin America area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Europe & Africa Europe & Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Middle East & Asia Middle East & Asia area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: North America

Schlumberger Ltd.; North America; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 6,727 5,995 4,466 5,478 10,843
Fixed Assets less accumulated depreciation 1,469 1,459 1,368 1,588 3,646
Area Activity Ratio
Area asset turnover1 4.58 4.11 3.26 3.45 2.97

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Fixed Assets less accumulated depreciation
= 6,727 ÷ 1,469 = 4.58

Area activity ratio Geographic area The company
Area asset turnover North America North America area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Latin America

Schlumberger Ltd.; Latin America; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 6,645 5,661 4,459 3,472 4,149
Fixed Assets less accumulated depreciation 1,071 913 868 841 824
Area Activity Ratio
Area asset turnover1 6.20 6.20 5.14 4.13 5.04

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Fixed Assets less accumulated depreciation
= 6,645 ÷ 1,071 = 6.20

Area activity ratio Geographic area The company
Area asset turnover Latin America Latin America area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe & Africa

Schlumberger Ltd.; Europe & Africa; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 8,524 7,201 5,778 5,963 7,683
Fixed Assets less accumulated depreciation 1,724 1,668 1,690 1,840 2,258
Area Activity Ratio
Area asset turnover1 4.94 4.32 3.42 3.24 3.40

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Fixed Assets less accumulated depreciation
= 8,524 ÷ 1,724 = 4.94

Area activity ratio Geographic area The company
Area asset turnover Europe & Africa Europe & Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Middle East & Asia

Schlumberger Ltd.; Middle East & Asia; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 11,019 9,033 8,059 8,567 10,017
Fixed Assets less accumulated depreciation 2,468 2,099 2,049 2,353 2,453
Area Activity Ratio
Area asset turnover1 4.46 4.30 3.93 3.64 4.08

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Fixed Assets less accumulated depreciation
= 11,019 ÷ 2,468 = 4.46

Area activity ratio Geographic area The company
Area asset turnover Middle East & Asia Middle East & Asia area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Revenue

Schlumberger Ltd., revenue by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 6,727 5,995 4,466 5,478 10,843
Latin America 6,645 5,661 4,459 3,472 4,149
Europe & Africa 8,524 7,201 5,778 5,963 7,683
Middle East & Asia 11,019 9,033 8,059 8,567 10,017
Eliminations & other 220 201 167 121 225
Total 33,135 28,091 22,929 23,601 32,917

Based on: 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).


Fixed Assets less accumulated depreciation

Schlumberger Ltd., fixed assets less accumulated depreciation by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
North America 1,469 1,459 1,368 1,588 3,646
Latin America 1,071 913 868 841 824
Europe & Africa 1,724 1,668 1,690 1,840 2,258
Middle East & Asia 2,468 2,099 2,049 2,353 2,453
Unallocated 508 468 454 204 89
Total 7,240 6,607 6,429 6,826 9,270

Based on: 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).