Service Corporation International (SCI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,186,380 | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 |
| Receivables | US$ in thousands | 94,341 | 97,939 | 96,681 | 106,051 | 92,939 |
| Receivables turnover | 44.37 | 41.86 | 42.50 | 39.07 | 37.78 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,186,380K ÷ $94,341K
= 44.37
The receivables turnover ratio of Service Corporation International has shown a positive trend over the past five years. As of December 31, 2020, the receivables turnover ratio was 37.78, indicating that the company collected its accounts receivable approximately 37.78 times during the year.
By December 31, 2024, the receivables turnover ratio had increased to 44.37, suggesting an improvement in the efficiency of the company's credit management and collection processes. This indicates that the company has been able to convert its accounts receivable into cash more frequently in recent years.
Overall, the increasing trend in the receivables turnover ratio signifies that Service Corporation International has been effective in managing its accounts receivable and converting them into cash, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2024