Service Corporation International (SCI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,095,720 | 3,007,970 | 2,954,060 | 2,820,070 | 2,519,070 |
| Inventory | US$ in thousands | 33,318 | 33,597 | 31,740 | 25,935 | 23,929 |
| Inventory turnover | 92.91 | 89.53 | 93.07 | 108.74 | 105.27 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,095,720K ÷ $33,318K
= 92.91
Service Corporation International's inventory turnover has shown a generally increasing trend from 105.27 in December 2020 to 108.74 in December 2021. However, there was a decrease in inventory turnover to 93.07 in December 2022, and then to 89.53 in December 2023. The inventory turnover slightly improved to 92.91 by December 31, 2024.
Overall, the inventory turnover ratio fluctuated over the period, indicating varying efficiencies in managing and selling inventory. A higher inventory turnover implies that the company is selling its inventory more quickly or efficiently, while a lower ratio may suggest either excessive inventory levels or a slowdown in sales. Service Corporation International may need to closely monitor and optimize its inventory management strategies to ensure adequate stock levels while maximizing sales and profitability.
Peer comparison
Dec 31, 2024