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Schlumberger (Schlumberger) Net-Net Working Capital

: $-11.02 (As of Dec. 2023)
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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Schlumberger's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-11.02.

The industry rank for Schlumberger's Net-Net Working Capital or its related term are showing as below:

SLB's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.09
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Schlumberger Net-Net Working Capital Historical Data

The historical data trend for Schlumberger's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Schlumberger Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.26 -15.62 -12.65 -10.90 -11.02

Schlumberger Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.90 -10.84 -10.62 -10.19 -11.02

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Schlumberger's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Schlumberger Price-to-Net-Net-Working-Capital Distribution

For the Oil & Gas industry and Energy sector, Schlumberger's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Schlumberger's Price-to-Net-Net-Working-Capital falls into.



Schlumberger Net-Net Working Capital Calculation

Schlumberger's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3989+0.75 * 7812+0.5 * 4387-26598
-0-1170)/1427
=-11.02

Schlumberger's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3989+0.75 * 7812+0.5 * 4387-26598
-0-1170)/1427
=-11.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Schlumberger  (NYSE:SLB) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Schlumberger Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Schlumberger's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Schlumberger (Schlumberger) Business Description

Industry
Address
5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Executives
Mogharbel Khaled Al officer: President Drilling Group C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Stephane Biguet officer: VP Controller C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Gavin Rennick officer: VP, Human Resources 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
De La Chevardiere Patrick director 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Demosthenis Pafitis officer: Chief Technology Officer 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Kevin Fyfe officer: VP Controller-Operations 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Katharina Beumelburg officer: Chief Sustainability Officer 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Howard Guild officer: Chief Accounting Officer C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77046
James T Hackett director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Rakesh Jaggi officer: Pres Digital & Integration 5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Vijay Kasibhatla officer: Director, M&A 5599 SAN FELIPE 17 FLOOR, HOUSTON TX 77056
Rajeev Sonthalia officer: President, IPM 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Abdellah Merad officer: VP Controller, Operations 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Dianne B. Ralston officer: Chief Legal Officer C/O TECHNIPFMC PLC, 11740 KATY FREEWAY, ENERGY TOWER 3, HOUSTON TX 77079
Ugo Prechner officer: VP Controller 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056

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