Service Corporation International (SCI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 537,317 | 565,338 | 802,939 | 515,907 | 369,596 |
| Total assets | US$ in thousands | 16,355,400 | 15,066,000 | 15,691,200 | 14,515,400 | 13,677,400 |
| ROA | 3.29% | 3.75% | 5.12% | 3.55% | 2.70% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $537,317K ÷ $16,355,400K
= 3.29%
Service Corp. International's return on assets (ROA) has fluctuated over the past five years, ranging from 2.70% in 2019 to 5.12% in 2021. In 2023, the ROA decreased to 3.29% from 3.75% in 2022. This suggests that the company's ability to generate profits from its assets has slightly decreased in the most recent year. Overall, the ROA trend shows some variability but generally reflects a positive performance, as the ROA has remained above 3% in each year analyzed. Further analysis of the company's asset utilization efficiency and profitability margins may provide additional insights into the drivers of these ROA fluctuations.
Peer comparison
Dec 31, 2023