Service Corporation International (SCI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,541,260 | 1,673,190 | 1,909,440 | 1,752,750 | 1,823,310 |
| ROE | 34.86% | 33.79% | 42.05% | 29.43% | 20.27% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $537,317K ÷ $1,541,260K
= 34.86%
Service Corp. International's return on equity (ROE) has shown a generally positive trend over the past five years, increasing from 20.27% in 2019 to 34.86% in 2023. This indicates that the company has been effectively utilizing shareholders' equity to generate profits. The ROE of Service Corp. International has consistently remained above 20% during this period, reflecting strong profitability and efficient management of the company's resources. The upward trend in ROE suggests that the company has been improving its financial performance and creating value for its shareholders. Overall, Service Corp. International's ROE performance demonstrates its ability to generate healthy returns on the equity invested by shareholders.
Peer comparison
Dec 31, 2023