Analysis of Geographic Areas
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
| 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
| 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
| 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
| 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
| 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
| 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
| 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).