Service Corporation International (SCI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,186,380 | 4,149,160 | 4,137,060 | 4,116,450 | 4,099,780 | 4,071,660 | 4,047,520 | 4,024,965 | 4,108,655 | 4,124,235 | 4,180,885 | 4,177,565 | 4,143,145 | 4,070,153 | 3,954,024 | 3,786,524 | 3,511,509 | 3,392,001 | 3,243,001 | 3,235,538 |
| Receivables | US$ in thousands | 94,341 | 80,955 | 87,073 | 89,854 | 97,939 | 84,118 | 84,012 | 100,864 | 96,681 | 86,471 | 93,479 | 103,034 | 106,051 | 99,996 | 89,972 | 89,590 | 92,939 | 79,980 | 76,963 | 75,064 |
| Receivables turnover | 44.37 | 51.25 | 47.51 | 45.81 | 41.86 | 48.40 | 48.18 | 39.90 | 42.50 | 47.70 | 44.73 | 40.55 | 39.07 | 40.70 | 43.95 | 42.27 | 37.78 | 42.41 | 42.14 | 43.10 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,186,380K ÷ $94,341K
= 44.37
The receivables turnover ratio for Service Corporation International has shown fluctuations over the past few years. The trend indicates that the company is able to collect its accounts receivable relatively quickly.
The receivables turnover ratio ranged between 37.78 and 51.25 over the period from March 31, 2020, to December 31, 2024. Generally, a higher turnover ratio is considered better as it signifies that the company is efficiently converting its credit sales into cash.
The ratio peaked at 51.25 on September 30, 2024, indicating that the company collected its receivables more frequently during that period. Conversely, the ratio hit its lowest point at 37.78 on December 31, 2020, suggesting a slower collection of receivables during that quarter.
Overall, the receivables turnover ratio for Service Corporation International has shown some variability but has generally remained within a reasonable range, reflecting the company's ability to efficiently manage its accounts receivable and convert them into cash.
Peer comparison
Dec 31, 2024