Service Corporation International (SCI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 1,823,310 | 1,775,490 | 1,744,230 | 1,700,450 |
| ROE | 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% | 20.27% | 23.40% | 23.71% | 26.14% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $537,317K ÷ $1,541,260K
= 34.86%
Service Corp. International's return on equity (ROE) has exhibited fluctuating trends over the past eight quarters. The company's ROE ranged from a high of 43.06% in Q1 2022 to a low of 29.79% in Q2 2023. Overall, the ROE has remained relatively healthy, consistently above 25% in every quarter analyzed.
The ROE dipped in Q2 and Q3 of 2023 compared to the previous quarters, suggesting a potential decrease in the profitability of the company during that period. However, the ROE recovered slightly in Q4 2023, indicating a positive trend towards improved return on equity.
The ROE values above 25% indicate that Service Corp. International is generating strong returns for its shareholders relative to its equity capital. Investors typically look for companies with ROE above a certain threshold as a sign of effective capital utilization and profitability. Service Corp. International's ROE performance, while showing some variability, remains robust overall during the period under review.
Peer comparison
Dec 31, 2023