Service Corporation International (SCI)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 537,317 | 491,227 | 490,106 | 490,588 | 565,338 | 679,533 | 768,538 | 793,573 | 802,939 | 797,482 | 715,042 | 662,845 | 515,907 | 462,016 | 405,393 | 372,214 | 369,596 | 415,490 | 413,633 | 444,543 |
| 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 |
| ROA | 3.29% | 3.13% | 3.13% | 3.20% | 3.75% | 4.69% | 5.23% | 5.13% | 5.12% | 5.19% | 4.66% | 4.48% | 3.55% | 3.35% | 3.01% | 2.93% | 2.70% | 3.12% | 3.10% | 3.40% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $537,317K ÷ $16,355,400K
= 3.29%
Service Corp. International's return on assets (ROA) has shown a decreasing trend over the past eight quarters. In Q4 2023, the ROA stood at 3.29%, a decrease from the previous quarter's 3.13%. This marks the fourth consecutive quarter of declining ROA figures. The downward trend in ROA suggests that the company's ability to generate profits from its assets has been weakening over time. It may be worthwhile for stakeholders to further investigate the factors driving this decline in ROA and assess the company's asset utilization and profitability strategies to reverse this trend and improve overall financial performance.
Peer comparison
Dec 31, 2023