Service Corporation International (SCI)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 518,648 | 505,689 | 509,833 | 523,855 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,678,000 | 1,627,180 | 1,539,580 | 1,590,600 | 1,541,260 | 1,630,430 | 1,645,140 | 1,621,710 | 1,673,190 | 1,677,200 | 1,839,350 | 1,842,750 | 1,909,440 | 1,941,900 | 1,918,140 | 1,850,710 | 1,752,750 | 1,743,070 | 1,754,280 | 1,751,090 |
| ROE | 30.91% | 31.08% | 33.12% | 32.93% | 34.86% | 30.13% | 29.79% | 30.25% | 33.79% | 40.52% | 41.78% | 43.06% | 42.05% | 41.07% | 37.28% | 35.82% | 29.43% | 26.51% | 23.11% | 21.26% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $518,648K ÷ $1,678,000K
= 30.91%
Service Corporation International has shown a consistent improvement in its return on equity (ROE) over the past few years, indicating efficient utilization of shareholders' equity to generate profits. The ROE has steadily increased from 21.26% in March 2020 to a peak of 43.06% in June 2022, reflecting strong profitability and effective management of the company's assets. However, there was a slight decline in ROE in the subsequent quarters, with a decrease to 30.91% by December 2024.
The company's ROE performance demonstrates a positive trend overall, with ROE consistently above 20% during the period under review. This indicates that Service Corporation International has been successful in delivering returns to its equity investors and maximizing shareholder value. Despite the minor fluctuations in ROE in the later quarters, the company's ability to maintain ROE above 30% in most periods suggests a solid financial performance and a sound strategic approach to generating profits in its operations.
Peer comparison
Dec 31, 2024