Service Corporation International (SCI)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 41.86 | 48.40 | 48.18 | 39.90 | 42.50 | 47.70 | 44.73 | 40.55 | 39.07 | 40.70 | 43.95 | 42.27 | 37.78 | 42.41 | 42.14 | 43.10 | 39.56 | 43.24 | 39.03 | 39.04 | |
| DSO | days | 8.72 | 7.54 | 7.58 | 9.15 | 8.59 | 7.65 | 8.16 | 9.00 | 9.34 | 8.97 | 8.31 | 8.64 | 9.66 | 8.61 | 8.66 | 8.47 | 9.23 | 8.44 | 9.35 | 9.35 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 41.86
= 8.72
Service Corp. International's days of sales outstanding (DSO) have shown variability throughout the quarters in the provided data. In Q4 2023, the DSO increased to 19.60 days from 19.30 days in Q3 2023. This suggests that the company took slightly longer to collect its accounts receivable in the most recent quarter.
Comparing these figures to Q2 and Q1 2023, where DSO was notably lower at 7.58 and 9.15 days respectively, indicates a significant increase in the time taken to collect receivables in Q4. When looking at the same quarter in the previous year, Q4 2022 had a slightly lower DSO of 9.21 days.
Overall, while there is some fluctuation in DSO figures over the quarters, it appears that Service Corp. International experienced a mild increase in the time required to collect receivables in Q4 2023 compared to the preceding quarter but still performed better than in Q2 and Q1 2023. Tracking DSO over time can help identify trends in the company's account receivable management efficiency.
Peer comparison
Dec 31, 2023