Service Corporation International (SCI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,091,807 | 1,084,333 | 1,061,606 | 1,066,783 | 1,154,602 | 1,203,819 | 1,310,866 | 1,317,545 | 1,323,075 | 1,309,130 | 1,234,783 | 1,180,226 | 976,827 | 879,335 | 775,411 | 747,790 | 760,580 | 752,975 | 759,413 | 756,394 |
| 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 |
| Gross profit margin | 26.63% | 26.63% | 26.23% | 26.50% | 28.10% | 29.19% | 31.35% | 31.54% | 31.93% | 32.16% | 31.23% | 31.17% | 27.82% | 25.92% | 23.91% | 23.11% | 23.54% | 23.52% | 23.65% | 23.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,091,807K ÷ $4,099,780K
= 26.63%
Service Corp. International's gross profit margin has shown a declining trend over the past four quarters, decreasing from 43.41% in Q1 2022 to 26.63% in Q4 2023. This suggests that the company's cost of goods sold relative to its revenue has been increasing, impacting its profitability. The significant drop in gross profit margin from Q2 2022 to Q4 2022 is particularly noteworthy, indicating a sharp deterioration in the company's gross profit efficiency during that period. Further analysis into the factors driving the rise in costs or the decline in revenue would be necessary to determine the root cause of this trend and assess its potential impact on the company's overall financial performance.
Peer comparison
Dec 31, 2023