Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

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)

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

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Turnover Ratios
Inventory turnover 6.59 6.28 6.23 6.00 6.06 5.97 5.77 5.65 5.73 5.25 5.19 5.32 5.89 5.75 5.73 5.72 6.26 — — —
Receivables turnover 4.53 4.36 4.08 4.15 4.24 3.98 4.06 3.94 3.99 3.98 3.97 4.14 4.31 4.16 4.05 4.06 4.50 — — —
Working capital turnover 6.30 5.90 5.75 7.07 7.66 7.10 7.82 9.49 9.41 5.91 6.65 9.26 9.99 8.38 6.57 7.28 9.72 — — —
Average No. Days
Average inventory processing period 55 58 59 61 60 61 63 65 64 69 70 69 62 63 64 64 58 — — —
Add: Average receivable collection period 81 84 89 88 86 92 90 93 91 92 92 88 85 88 90 90 81 — — —
Operating cycle 136 142 148 149 146 153 153 158 155 161 162 157 147 151 154 154 139 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Schlumberger Ltd. receivables turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Schlumberger Ltd. working capital turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Schlumberger Ltd. operating cycle improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Inventory Turnover

Schlumberger Ltd., inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Cost of revenue 7,323 7,237 7,262 7,007 7,193 6,592 6,502 6,285 6,307 6,042 5,568 5,013 5,137 4,862 4,768 4,504 4,827 4,624 4,925 6,624
Inventories 4,375 4,573 4,504 4,549 4,387 4,305 4,360 4,286 3,999 4,143 3,968 3,719 3,272 3,296 3,267 3,303 3,354 3,542 3,601 4,148
Short-term Activity Ratio
Inventory turnover1 6.59 6.28 6.23 6.00 6.06 5.97 5.77 5.65 5.73 5.25 5.19 5.32 5.89 5.75 5.73 5.72 6.26 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Inventory turnover = (Cost of revenueQ4 2024 + Cost of revenueQ3 2024 + Cost of revenueQ2 2024 + Cost of revenueQ1 2024) ÷ Inventories
= (7,323 + 7,237 + 7,262 + 7,007) ÷ 4,375 = 6.59

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Receivables Turnover

Schlumberger Ltd., receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Revenue 9,284 9,159 9,139 8,707 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455
Receivables less allowance for doubtful accounts 8,011 8,260 8,605 8,222 7,812 8,049 7,675 7,578 7,032 6,650 6,247 5,713 5,315 5,349 5,347 5,269 5,247 5,552 5,808 7,486
Short-term Activity Ratio
Receivables turnover1 4.53 4.36 4.08 4.15 4.24 3.98 4.06 3.94 3.99 3.98 3.97 4.14 4.31 4.16 4.05 4.06 4.50 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Receivables turnover = (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024) ÷ Receivables less allowance for doubtful accounts
= (9,284 + 9,159 + 9,139 + 8,707) ÷ 8,011 = 4.53

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Working Capital Turnover

Schlumberger Ltd., working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Current assets 18,570 18,801 18,517 17,700 17,718 17,038 16,154 15,400 15,003 15,611 14,316 13,253 12,654 12,387 12,077 12,807 12,919 14,215 14,379 16,266
Less: Current liabilities 12,811 12,699 12,409 12,879 13,395 12,528 12,163 12,252 12,018 11,134 10,583 10,696 10,359 9,735 8,784 9,873 10,491 11,651 11,665 13,262
Working capital 5,759 6,102 6,108 4,821 4,323 4,510 3,991 3,148 2,985 4,477 3,733 2,557 2,295 2,652 3,293 2,934 2,428 2,564 2,714 3,004
 
Revenue 9,284 9,159 9,139 8,707 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455
Short-term Activity Ratio
Working capital turnover1 6.30 5.90 5.75 7.07 7.66 7.10 7.82 9.49 9.41 5.91 6.65 9.26 9.99 8.38 6.57 7.28 9.72 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Working capital turnover = (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024) ÷ Working capital
= (9,284 + 9,159 + 9,139 + 8,707) ÷ 5,759 = 6.30

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Average Inventory Processing Period

Schlumberger Ltd., average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Inventory turnover 6.59 6.28 6.23 6.00 6.06 5.97 5.77 5.65 5.73 5.25 5.19 5.32 5.89 5.75 5.73 5.72 6.26 — — —
Short-term Activity Ratio (no. days)
Average inventory processing period1 55 58 59 61 60 61 63 65 64 69 70 69 62 63 64 64 58 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.59 = 55

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Average Receivable Collection Period

Schlumberger Ltd., average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Receivables turnover 4.53 4.36 4.08 4.15 4.24 3.98 4.06 3.94 3.99 3.98 3.97 4.14 4.31 4.16 4.05 4.06 4.50 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 81 84 89 88 86 92 90 93 91 92 92 88 85 88 90 90 81 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.53 = 81

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Operating Cycle

Schlumberger Ltd., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data
Average inventory processing period 55 58 59 61 60 61 63 65 64 69 70 69 62 63 64 64 58 — — —
Average receivable collection period 81 84 89 88 86 92 90 93 91 92 92 88 85 88 90 90 81 — — —
Short-term Activity Ratio
Operating cycle1 136 142 148 149 146 153 153 158 155 161 162 157 147 151 154 154 139 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 55 + 81 = 136

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.