Service Corporation International (SCI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 | 3,230,780 |
| Total assets | US$ in thousands | 16,355,400 | 15,066,000 | 15,691,200 | 14,515,400 | 13,677,400 |
| Total asset turnover | 0.25 | 0.27 | 0.26 | 0.24 | 0.24 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,099,780K ÷ $16,355,400K
= 0.25
Service Corp. International's total asset turnover has fluctuated over the past five years, ranging from 0.24 to 0.27. Total asset turnover measures the efficiency of the company in generating sales revenue relative to its total assets. A higher ratio indicates better efficiency in utilizing assets to generate revenue.
In the most recent year, the total asset turnover ratio was 0.25, showing a slight decrease from the previous year's ratio of 0.27. This decline may indicate a decrease in the company's ability to generate sales in proportion to its total assets.
Overall, Service Corp. International's total asset turnover has been relatively stable over the five-year period, hovering around the 0.25 to 0.27 range. Further analysis of the company's operations and financial performance is required to understand the factors influencing these fluctuations and to assess the effectiveness of asset utilization in generating revenue.
Peer comparison
Dec 31, 2023