Service Corporation International (SCI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 89.53 | 87.37 | 86.30 | 84.04 | 93.07 | 92.43 | 95.44 | 99.81 | 108.74 | 112.03 | 108.61 | 100.45 | 105.93 | 97.28 | 95.04 | 89.20 | 98.34 | 91.87 | 95.48 | 96.65 | |
| DOH | days | 4.08 | 4.18 | 4.23 | 4.34 | 3.92 | 3.95 | 3.82 | 3.66 | 3.36 | 3.26 | 3.36 | 3.63 | 3.45 | 3.75 | 3.84 | 4.09 | 3.71 | 3.97 | 3.82 | 3.78 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 89.53
= 4.08
Service Corp. International's Days of Inventory on Hand (DOH) shows the average number of days the company holds inventory before it is sold. The trend in DOH over the past eight quarters has been relatively stable, ranging between 3.92 days to 4.42 days.
In the most recent quarter, Q4 2023, the DOH was 4.08 days, slightly lower than the DOH in the previous quarter. This indicates that the company is managing its inventory efficiently, as it takes less time to sell its inventory compared to the previous quarter.
Overall, the consistent range of DOH values suggests that Service Corp. International has been effectively controlling its inventory levels and turnover, which is crucial for managing working capital and optimizing operations. However, it may be beneficial for the company to further analyze and fine-tune its inventory management processes to ensure optimal efficiency and profitability.
Peer comparison
Dec 31, 2023