Service Corporation International (SCI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,186,380 | 4,149,160 | 4,137,060 | 4,116,450 | 4,099,780 | 4,071,660 | 4,047,520 | 4,024,965 | 4,108,655 | 4,124,235 | 4,180,885 | 4,177,565 | 4,143,145 | 4,070,153 | 3,954,024 | 3,786,524 | 3,511,509 | 3,392,001 | 3,243,001 | 3,235,538 |
| Property, plant and equipment | US$ in thousands | 2,581,070 | 2,564,240 | 2,497,140 | 2,480,100 | 2,480,100 | 2,442,080 | 2,402,380 | 2,372,560 | 2,350,550 | 2,297,950 | 2,268,220 | 2,254,920 | 2,252,160 | 2,160,720 | 2,150,620 | 2,136,830 | 2,133,660 | 2,113,080 | 2,098,200 | 2,057,890 |
| Fixed asset turnover | 1.62 | 1.62 | 1.66 | 1.66 | 1.65 | 1.67 | 1.68 | 1.70 | 1.75 | 1.79 | 1.84 | 1.85 | 1.84 | 1.88 | 1.84 | 1.77 | 1.65 | 1.61 | 1.55 | 1.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,186,380K ÷ $2,581,070K
= 1.62
Service Corporation International's fixed asset turnover has shown a generally increasing trend from March 31, 2020, to December 31, 2022, with the ratio ranging from 1.57 to 1.85. This indicates that the company is generating more revenue relative to its investment in fixed assets over this period.
However, from March 31, 2023, to December 31, 2024, the fixed asset turnover has started to decline, with the ratio fluctuating between 1.62 and 1.70. This could suggest a decrease in efficiency in utilizing fixed assets to generate sales revenue during this period.
Overall, the trend in fixed asset turnover for Service Corporation International suggests that while the company initially improved its efficiency in utilizing fixed assets to generate revenue, it experienced a slight decline in this aspect in more recent periods. This may warrant further investigation into the company's asset management and operational efficiency strategies.
Peer comparison
Dec 31, 2024