Service Corporation International (SCI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,230,785 | 3,200,839 | 3,210,384 | 3,193,904 |
| Receivables | US$ in thousands | 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 | 81,671 | 74,031 | 82,261 | 81,811 |
| Receivables turnover | 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 | 39.56 | 43.24 | 39.03 | 39.04 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,099,780K ÷ $97,939K
= 41.86
Service Corp. International's receivables turnover has varied in recent quarters, with a notable increase in Q2 2023 to 48.18 compared to the preceding quarters. This surge was followed by a decline in Q3 2023 to 18.91, indicating a possible collection slowdown. Q4 2023 saw a further decrease to 18.63, suggesting the company took longer to collect its receivables compared to Q2 2023. Overall, the company's performance in managing its receivables improved in the first half of 2022, as shown by the relatively high turnover ratios during that period. However, it is essential to monitor future trends to assess the effectiveness of the company's receivables management.
Peer comparison
Dec 31, 2023