Service Corporation International (SCI)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,007,970 | 2,954,060 | 2,820,070 | 2,519,070 | 2,470,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,007,970K ÷ $—K
= —
Service Corp. International's payables turnover has shown some fluctuation over the past five years. The payables turnover ratio measures how efficiently a company is managing its trade payables. A higher ratio indicates that the company is paying its suppliers more frequently, which can be a sign of strong liquidity or negotiation power.
In 2022, the payables turnover ratio was the highest at 16.60, suggesting that the company was paying its suppliers more frequently compared to the other years. This could indicate strong liquidity or effective supplier management during that year.
The ratio decreased in 2023 to 14.79, which might indicate a change in the company's payment terms or supplier relationships. Despite the decrease, the payables turnover ratio remains relatively high, indicating efficient management of trade payables overall.
It's important to consider industry norms and compare the company's payables turnover ratio to its peers to gain a better understanding of its performance in managing trade payables.
Peer comparison
Dec 31, 2023