Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

Schlumberger Ltd., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 4.58 4.25 3.57 3.46 3.55
Net fixed asset turnover (including operating lease, right-of-use asset) 4.16 3.93 3.28 3.13 3.11
Total asset turnover 0.69 0.65 0.55 0.56 0.58
Equity turnover 1.64 1.59 1.53 1.96 1.39

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Schlumberger Ltd. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Schlumberger Ltd. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Schlumberger Ltd. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Schlumberger Ltd. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Schlumberger Ltd., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 33,135 28,091 22,929 23,601 32,917
Fixed assets less accumulated depreciation 7,240 6,607 6,429 6,826 9,270
Long-term Activity Ratio
Net fixed asset turnover1 4.58 4.25 3.57 3.46 3.55
Benchmarks
Net Fixed Asset Turnover, Industry
Energy 1.60 2.01 1.31 0.82 1.15

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
Net fixed asset turnover = Revenue ÷ Fixed assets less accumulated depreciation
= 33,135 ÷ 7,240 = 4.58

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Schlumberger Ltd. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Schlumberger Ltd., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 33,135 28,091 22,929 23,601 32,917
 
Fixed assets less accumulated depreciation 7,240 6,607 6,429 6,826 9,270
Operating lease assets 718 538 553 710 1,300
Fixed assets less accumulated depreciation (including operating lease, right-of-use asset) 7,958 7,145 6,982 7,536 10,570
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.16 3.93 3.28 3.13 3.11
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Energy 1.55 1.95 1.28 0.79 1.12

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
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Fixed assets less accumulated depreciation (including operating lease, right-of-use asset)
= 33,135 ÷ 7,958 = 4.16

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Schlumberger Ltd. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Schlumberger Ltd., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 33,135 28,091 22,929 23,601 32,917
Total assets 47,957 43,135 41,511 42,434 56,312
Long-term Activity Ratio
Total asset turnover1 0.69 0.65 0.55 0.56 0.58
Benchmarks
Total Asset Turnover, Industry
Energy 0.92 1.13 0.81 0.52 0.72

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
Total asset turnover = Revenue ÷ Total assets
= 33,135 ÷ 47,957 = 0.69

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Schlumberger Ltd. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Schlumberger Ltd., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 33,135 28,091 22,929 23,601 32,917
Total SLB stockholders’ equity 20,189 17,685 15,004 12,071 23,760
Long-term Activity Ratio
Equity turnover1 1.64 1.59 1.53 1.96 1.39
Benchmarks
Equity Turnover, Industry
Energy 1.78 2.21 1.71 1.18 1.46

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
Equity turnover = Revenue ÷ Total SLB stockholders’ equity
= 33,135 ÷ 20,189 = 1.64

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Schlumberger Ltd. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.