Service Corporation International (SCI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Service Corp. International's number of days of payables has shown some fluctuation over the past five years. In 2023, the company took an average of 24.68 days to pay its suppliers, which is slightly higher than the previous year but lower than the levels seen in 2021 and 2020. This suggests that the company may have slightly extended its payment period to suppliers compared to the previous year.
Analyzing the trend over the five-year period, it indicates that the company has managed to keep its payables turnover relatively stable, with fluctuations within a reasonable range. This indicates that Service Corp. International has been consistent in managing its payables effectively, balancing its relationships with suppliers while also optimizing its working capital management.
Overall, the trend in the number of days of payables for Service Corp. International suggests a disciplined approach to managing its accounts payable, maintaining a balance between managing cash flow and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023