Service Corporation International (SCI)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,230,785 | 3,200,839 | 3,210,384 | 3,193,904 |
| Property, plant and equipment | US$ in thousands | 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 | 2,065,430 | 2,039,660 | 2,027,420 | 1,993,350 |
| Fixed asset turnover | 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 | 1.56 | 1.57 | 1.58 | 1.60 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,099,780K ÷ $2,480,100K
= 1.65
Service Corp. International's fixed asset turnover has been relatively stable around the range of 0.91 to 1.01 over the past eight quarters. This ratio measures the efficiency of the company in generating revenue from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets effectively to generate sales.
The decreasing trend in fixed asset turnover from Q4 2022 to Q2 2023 may suggest that the company's fixed assets are not being as efficiently utilized to generate revenue compared to the previous quarters. However, the ratio has stabilized in the range of 0.91 to 0.93 in the most recent quarters, which indicates that Service Corp. International has been able to maintain a consistent level of revenue generation relative to its investment in fixed assets.
Further analysis of the company's operational efficiency and investment in fixed assets would be needed to understand the underlying factors driving the fluctuations in the fixed asset turnover ratio. Overall, Service Corp. International's fixed asset turnover indicates a reasonable level of efficiency in generating revenue from its fixed assets, with potential areas for improvement in optimizing asset utilization for revenue generation.
Peer comparison
Dec 31, 2023