Service Corporation International (SCI)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	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	2,470,205	2,447,864	2,450,971	2,437,510
Inventory	US$ in thousands	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	25,118	26,645	25,669	25,219
Inventory turnover		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	98.34	91.87	95.48	96.65

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,007,971K ÷ $33,597K
= 89.53

Service Corp. International's inventory turnover ratio has been relatively stable over the past eight quarters, ranging from 82.51 to 93.07. This indicates that, on average, the company is selling and replenishing its inventory efficiently. A higher inventory turnover ratio suggests that the company is selling its inventory quickly, which is generally positive as it reduces the risk of obsolescence or excess inventory.

However, it is essential to consider industry norms and company-specific factors when evaluating inventory turnover. Comparing Service Corp. International's ratio to industry benchmarks and historical data can provide more insight into its inventory management efficiency. Additionally, monitoring trends in the inventory turnover ratio over time can help identify any potential issues or improvements in the company's operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Inventory turnover

Service Corporation International

SCI

89.53