Service Corporation International (SCI)
Total asset 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 |
| Total assets | US$ in thousands | 17,379,400 | 17,406,400 | 16,780,800 | 16,695,100 | 16,355,400 | 15,683,100 | 15,678,600 | 15,343,900 | 15,066,000 | 14,491,500 | 14,702,000 | 15,457,100 | 15,691,200 | 15,370,200 | 15,344,400 | 14,788,300 | 14,515,400 | 13,787,100 | 13,487,900 | 12,715,300 |
| Total asset turnover | 0.24 | 0.24 | 0.25 | 0.25 | 0.25 | 0.26 | 0.26 | 0.26 | 0.27 | 0.28 | 0.28 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 | 0.24 | 0.25 | 0.24 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,186,380K ÷ $17,379,400K
= 0.24
Service Corporation International's total asset turnover has been relatively stable over the past few years, ranging between 0.24 and 0.28. The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue.
A total asset turnover ratio of less than 1.0, such as those exhibited by Service Corporation International, indicates that the company is generating less revenue in comparison to its total assets. This could suggest that the company may have excess assets that are not being utilized effectively to generate sales.
Despite the fluctuations in the ratio over the period, the overall trend has not shown significant improvement. This could indicate that the company may need to focus on improving its asset utilization efficiency to enhance its revenue generation capability. Additional analysis of the company's operations and industry comparisons may provide further insights into opportunities for enhancing asset turnover efficiency.
Peer comparison
Dec 31, 2024