ScanSource Inc (SCSC)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.18 | 4.82 | 5.54 | 6.57 | 6.83 | |
| DOH | days | 59.02 | 75.70 | 65.83 | 55.52 | 53.42 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.18
= 59.02
The days of inventory on hand (DOH) for ScanSource Inc have varied over the past five years. Generally, a lower number of days indicates better inventory management efficiency.
From June 30, 2020, to June 30, 2021, there was an increase in DOH from 53.42 days to 55.52 days, suggesting that the company held inventory for a slightly longer period in 2021. However, from June 30, 2021, to June 30, 2022, there was a significant increase in DOH to 65.83 days, indicating a possible buildup of inventory levels.
Subsequently, there was a decrease in DOH to 75.70 days by June 30, 2023, which may indicate efforts to reduce excess inventory. However, the trend reversed with a decrease to 59.02 days by June 30, 2024, suggesting a quicker turnover of inventory relative to the previous year.
Overall, ScanSource Inc's management of inventory levels has shown fluctuations over the years, with efforts to optimize inventory turnover apparent in certain periods while facing challenges in others.
Peer comparison
Jun 30, 2024