Service Corporation International (SCI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 41.86 | 42.50 | 39.07 | 37.78 | 39.56 | |
| DSO | days | 8.72 | 8.59 | 9.34 | 9.66 | 9.23 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 41.86
= 8.72
Service Corp. International's Days of Sales Outstanding (DSO) has seen fluctuations over the past five years. In 2023, the DSO increased to 19.60 days from 9.21 days in 2022. This indicates that the company took longer to collect its accounts receivable in 2023 compared to the previous year. Despite the increase, the DSO in 2023 is still higher than the levels observed in 2021, 2020, and 2019, suggesting a potential deterioration in the company's accounts receivable management efficiency. Further analysis may be required to understand the factors contributing to this trend and to assess the potential impact on the company's overall financial performance and liquidity position.
Peer comparison
Dec 31, 2023