Service Corporation International (SCI)
Total asset 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 |
| Total assets | US$ in thousands | 17,379,400 | 16,355,400 | 15,066,000 | 15,691,200 | 14,515,400 |
| Total asset turnover | 0.24 | 0.25 | 0.27 | 0.26 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,186,380K ÷ $17,379,400K
= 0.24
Service Corporation International's total asset turnover has shown a slight upward trend over the past five years. It increased from 0.24 in December 31, 2020, to 0.26 in December 31, 2021, further rising to 0.27 in December 31, 2022. However, there was a slight decline to 0.25 in December 31, 2023, before reverting back to 0.24 in December 31, 2024.
Overall, the company's total asset turnover indicates that for every dollar of total assets invested, it generated $0.24 to $0.27 in sales revenue, reflecting the efficiency of the company in utilizing its assets to generate revenue. It is essential for the company to continue monitoring and improving its asset turnover to maintain and enhance its operational efficiency and profitability.
Peer comparison
Dec 31, 2024