Service Corporation International (SCI)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 13,677,400 | 13,316,300 | 13,360,300 | 13,079,100 |
| Total asset turnover | 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 | 0.24 | 0.24 | 0.24 | 0.24 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,099,780K ÷ $16,355,400K
= 0.25
Service Corp. International's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.25 to 0.28. This ratio indicates how efficiently the company is using its assets to generate revenue. A lower total asset turnover suggests that the company is not generating enough revenue relative to its asset base, while a higher ratio implies better asset utilization.
The gradual decline in total asset turnover from 0.27 in Q4 2022 to 0.25 in Q4 2023 could indicate a decline in efficiency in utilizing assets to generate revenue. However, the consistency of total asset turnover around 0.26 to 0.28 in recent quarters suggests that the company may have stabilized its asset utilization efficiency.
Further analysis of factors affecting total asset turnover, such as changes in sales volume, asset acquisition, or operational efficiencies, would provide more insights into the company's overall performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2023