Service Corporation International (SCI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,095,722 | 3,076,823 | 3,063,680 | 3,039,525 | 3,007,971 | 2,987,332 | 2,985,920 | 2,958,184 | 2,954,059 | 2,920,414 | 2,870,019 | 2,860,020 | 2,820,068 | 2,761,026 | 2,719,242 | 2,606,299 | 2,534,682 | 2,512,666 | 2,467,590 | 2,487,748 |
| Inventory | US$ in thousands | 33,318 | 34,571 | 33,402 | 35,126 | 33,597 | 34,190 | 34,599 | 35,200 | 31,740 | 31,595 | 30,070 | 28,654 | 25,935 | 24,646 | 25,036 | 25,945 | 23,929 | 25,830 | 25,965 | 27,891 |
| Inventory turnover | 92.91 | 89.00 | 91.72 | 86.53 | 89.53 | 87.37 | 86.30 | 84.04 | 93.07 | 92.43 | 95.44 | 99.81 | 108.74 | 112.03 | 108.61 | 100.45 | 105.93 | 97.28 | 95.04 | 89.20 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,095,722K ÷ $33,318K
= 92.91
The inventory turnover for Service Corporation International has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period.
From March 31, 2020, to June 30, 2021, the inventory turnover trended upwards, indicating that the company was managing its inventory efficiently and selling goods at a faster rate. However, there was a slight dip in inventory turnover from September 30, 2021, to December 31, 2021.
Subsequently, from March 31, 2022, to June 30, 2024, the inventory turnover continued to fluctuate with varying values. While the ratio decreased at some points, it also showed periods of increase, suggesting potential changes in sales volumes or inventory management practices.
Overall, the inventory turnover for Service Corporation International appears relatively stable but subject to fluctuation. It would be beneficial for the company to assess the reasons behind these fluctuations to optimize inventory levels, manage cash flow efficiently, and ensure optimal operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024