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

Short-term Activity Ratios (Summary)
Inventory Turnover
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Inventory Processing Period
Average Receivable Collection Period
Operating Cycle
Average Payables Payment Period
Cash Conversion Cycle

Schlumberger Ltd., short-term (operating) activity ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Turnover Ratios
Inventory turnover	6.59	6.06	5.73	5.89	6.26
Receivables turnover	4.53	4.24	3.99	4.31	4.50
Payables turnover	6.82	5.76	5.85	6.01	7.15
Working capital turnover	6.30	7.66	9.41	9.99	9.72
Average No. Days
Average inventory processing period	55	60	64	62	58
Add: Average receivable collection period	81	86	91	85	81
Operating cycle	136	146	155	147	139
Less: Average payables payment period	54	63	62	61	51
Cash conversion cycle	82	83	93	86	88

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).

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Short-term activity ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Schlumberger Ltd. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Schlumberger Ltd. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Schlumberger Ltd. payables turnover ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Schlumberger Ltd. working capital turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

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Short-term activity ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Schlumberger Ltd. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Schlumberger Ltd. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Schlumberger Ltd. operating cycle improved from 2022 to 2023 and from 2023 to 2024.
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Schlumberger Ltd. number of days of payables outstanding increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.	Schlumberger Ltd. cash conversion cycle improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., inventory turnover calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Cost of revenue	28,829)	26,572)	22,930)	19,271)	21,000)
Inventories	4,375)	4,387)	3,999)	3,272)	3,354)
Short-term Activity Ratio
Inventory turnover¹	6.59	6.06	5.73	5.89	6.26
Benchmarks
Inventory Turnover, Industry
Energy	—	15.47	19.33	16.66	10.74

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).

¹ 2024 Calculation
Inventory turnover = Cost of revenue ÷ Inventories
= 28,829 ÷ 4,375 = 6.59

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Short-term activity ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Schlumberger Ltd. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., receivables turnover calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenue	36,289)	33,135)	28,091)	22,929)	23,601)
Receivables less allowance for doubtful accounts	8,011)	7,812)	7,032)	5,315)	5,247)
Short-term Activity Ratio
Receivables turnover¹	4.53	4.24	3.99	4.31	4.50
Benchmarks
Receivables Turnover, Industry
Energy	—	9.73	10.85	8.59	8.81

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).

¹ 2024 Calculation
Receivables turnover = Revenue ÷ Receivables less allowance for doubtful accounts
= 36,289 ÷ 8,011 = 4.53

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Short-term activity ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Schlumberger Ltd. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., payables turnover calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Cost of revenue	28,829)	26,572)	22,930)	19,271)	21,000)
Trade accounts payable	4,230)	4,613)	3,921)	3,205)	2,937)
Short-term Activity Ratio
Payables turnover¹	6.82	5.76	5.85	6.01	7.15
Benchmarks
Payables Turnover, Industry
Energy	—	9.88	11.67	9.48	8.93

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).

¹ 2024 Calculation
Payables turnover = Cost of revenue ÷ Trade accounts payable
= 28,829 ÷ 4,230 = 6.82

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Short-term activity ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Schlumberger Ltd. payables turnover ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Schlumberger Ltd., working capital turnover calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets	18,570)	17,718)	15,003)	12,654)	12,919)
Less: Current liabilities	12,811)	13,395)	12,018)	10,359)	10,491)
Working capital	5,759)	4,323)	2,985)	2,295)	2,428)

Revenue	36,289)	33,135)	28,091)	22,929)	23,601)
Short-term Activity Ratio
Working capital turnover¹	6.30	7.66	9.41	9.99	9.72
Benchmarks
Working Capital Turnover, Industry
Energy	—	13.51	14.21	29.83	155.07

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).

¹ 2024 Calculation
Working capital turnover = Revenue ÷ Working capital
= 36,289 ÷ 5,759 = 6.30

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Short-term activity ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Schlumberger Ltd. working capital turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., average inventory processing period calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data
Inventory turnover	6.59	6.06	5.73	5.89	6.26
Short-term Activity Ratio (no. days)
Average inventory processing period¹	55	60	64	62	58
Benchmarks (no. days)
Average Inventory Processing Period, Industry
Energy	—	24	19	22	34

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).

¹ 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.59 = 55

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Short-term activity ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Schlumberger Ltd. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., average receivable collection period calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data
Receivables turnover	4.53	4.24	3.99	4.31	4.50
Short-term Activity Ratio (no. days)
Average receivable collection period¹	81	86	91	85	81
Benchmarks (no. days)
Average Receivable Collection Period, Industry
Energy	—	37	34	43	41

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).

¹ 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.53 = 81

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Short-term activity ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Schlumberger Ltd. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., operating cycle calculation, comparison to benchmarks

No. days

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data
Average inventory processing period	55	60	64	62	58
Average receivable collection period	81	86	91	85	81
Short-term Activity Ratio
Operating cycle¹	136	146	155	147	139
Benchmarks
Operating Cycle, Industry
Energy	—	61	53	65	75

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).

¹ 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 55 + 81 = 136

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Short-term activity ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Schlumberger Ltd. operating cycle improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd., average payables payment period calculation, comparison to benchmarks

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data
Payables turnover	6.82	5.76	5.85	6.01	7.15
Short-term Activity Ratio (no. days)
Average payables payment period¹	54	63	62	61	51
Benchmarks (no. days)
Average Payables Payment Period, Industry
Energy	—	37	31	38	41

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).

¹ 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.82 = 54

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Short-term activity ratio	Description	The company
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Schlumberger Ltd. number of days of payables outstanding increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Schlumberger Ltd., cash conversion cycle calculation, comparison to benchmarks

No. days

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data
Average inventory processing period	55	60	64	62	58
Average receivable collection period	81	86	91	85	81
Average payables payment period	54	63	62	61	51
Short-term Activity Ratio
Cash conversion cycle¹	82	83	93	86	88
Benchmarks
Cash Conversion Cycle, Industry
Energy	—	24	22	27	34

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).

¹ 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 55 + 81 – 54 = 82

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Short-term activity ratio	Description	The company
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.	Schlumberger Ltd. cash conversion cycle improved from 2022 to 2023 and from 2023 to 2024.

Schlumberger Ltd. (NYSE:SLB)

Analysis of Short-term (Operating) Activity Ratios

Short-term Activity Ratios (Summary)

Inventory Turnover

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Average Payables Payment Period

Cash Conversion Cycle