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Schlumberger Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Schlumberger has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Schlumberger's Piotroski F-Score or its related term are showing as below:

SLB' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Schlumberger was 9. The lowest was 2. And the median was 6.


Schlumberger Piotroski F-Score Historical Data

The historical data trend for Schlumberger's Piotroski F-Score 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 3.00 7.00

Schlumberger Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Piotroski F-Score 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 4.00 7.00 7.00 7.00 7.00

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Schlumberger's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution

For the Oil & Gas industry and Energy sector, Schlumberger's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Schlumberger's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was 431 + 550 + 601 + 510 = $2,092 Mil.
Cash Flow from Operations was 1220 + 1070 + 1932 + 131 = $4,353 Mil.
Revenue was 5634 + 5847 + 6225 + 5962 = $23,668 Mil.
Gross Profit was 866 + 985 + 1089 + 949 = $3,889 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(42036 + 40908 + 41038 + 41511 + 41967) / 5 = $41492 Mil.
Total Assets at the begining of this year (Mar21) was $42,036 Mil.
Long-Term Debt & Capital Lease Obligation was $13,163 Mil.
Total Current Assets was $13,253 Mil.
Total Current Liabilities was $10,696 Mil.
Net Income was -3434 + -82 + 374 + 299 = $-2,843 Mil.

Revenue was 5356 + 5258 + 5532 + 5223 = $21,369 Mil.
Gross Profit was 431 + 634 + 704 + 719 = $2,488 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(48594 + 44667 + 44066 + 42434 + 42036) / 5 = $44359.4 Mil.
Total Assets at the begining of last year (Mar20) was $48,594 Mil.
Long-Term Debt & Capital Lease Obligation was $15,834 Mil.
Total Current Assets was $12,807 Mil.
Total Current Liabilities was $9,873 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Schlumberger's current Net Income (TTM) was 2,092. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Schlumberger's current Cash Flow from Operations (TTM) was 4,353. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar21)
=2092/42036
=0.04976687

ROA (Last Year)=Net Income/Total Assets (Mar20)
=-2843/48594
=-0.05850517

Schlumberger's return on assets of this year was 0.04976687. Schlumberger's return on assets of last year was -0.05850517. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Schlumberger's current Net Income (TTM) was 2,092. Schlumberger's current Cash Flow from Operations (TTM) was 4,353. ==> 4,353 > 2,092 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=13163/41492
=0.31724188

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=15834/44359.4
=0.35694802

Schlumberger's gearing of this year was 0.31724188. Schlumberger's gearing of last year was 0.35694802. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar22)=Total Current Assets/Total Current Liabilities
=13253/10696
=1.23906133

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=12807/9873
=1.29717411

Schlumberger's current ratio of this year was 1.23906133. Schlumberger's current ratio of last year was 1.29717411. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Schlumberger's number of shares in issue this year was 1434. Schlumberger's number of shares in issue last year was 1419. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=3889/23668
=0.16431469

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2488/21369
=0.11643034

Schlumberger's gross margin of this year was 0.16431469. Schlumberger's gross margin of last year was 0.11643034. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar21)
=23668/42036
=0.5630412

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=21369/48594
=0.43974565

Schlumberger's asset turnover of this year was 0.5630412. Schlumberger's asset turnover of last year was 0.43974565. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Schlumberger has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Schlumberger  (NYSE:SLB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Schlumberger Piotroski F-Score Related Terms

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


Schlumberger Business Description

Schlumberger logo
Industry
Energy » Oil & Gas NAICS : 213112 SIC : 1382
Address
5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.
Executives
Chereque Pierre officer: VP, Director of Tax 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Gharbi Hinda officer: EVP, Services & Equipment 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Kasibhatla Vijay officer: Director, M&A 5599 SAN FELIPE 17 FLOOR HOUSTON TX 77056
Merad Abdellah officer: EVP, Performance Management 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Laureles Saul R. officer: Director, Corporate Legal 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Biguet Stephane officer: EVP & CFO C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Al Mogharbel Khaled officer: EVP, Geographies C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Belani Ashok officer: EVP New Energy C/O SCHLUMBERGER LIMITED 5999 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Guild Howard officer: Chief Accounting Officer C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77046
Juden Alexander C. officer: Secretary and General Counsel C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Le Peuch Olivier director, officer: Chief Executive Officer C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE ST., 17TH FL. HOUSTON TX 77056
Papa Mark G director 333 CLAY STREET SUITE 4620 HOUSTON TX 77002
Jaramillo Claudia officer: VP, Treasurer 5959 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Schorn Patrick officer: EVP Wells C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056
Reif Leo Rafael director C/O SCHLUMBERGER LIMITED 5599 SAN FELIPE, 17TH FLOOR HOUSTON TX 77056

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