ScanSource Inc (SCSC)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.18 | 6.36 | 6.05 | 5.48 | 4.82 | 4.87 | 4.76 | 5.17 | 5.54 | 5.59 | 5.69 | 6.41 | 6.57 | 5.58 | 6.46 | 6.84 | 6.87 | 5.64 | 5.07 | 5.33 | |
| DOH | days | 59.02 | 57.38 | 60.28 | 66.60 | 75.70 | 74.91 | 76.62 | 70.67 | 65.83 | 65.35 | 64.13 | 56.97 | 55.52 | 65.39 | 56.47 | 53.34 | 53.11 | 64.71 | 72.06 | 68.51 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.18
= 59.02
The Days of Inventory on Hand (DOH) for ScanSource Inc has shown some fluctuations over the past several quarters. In the most recent quarter, ending June 30, 2024, the company had an inventory holding period of approximately 59.02 days, which was a slight increase from the previous quarter.
Looking at the trend over the past few quarters, there was a peak in inventory days in the third quarter of 2023, where the DOH reached 75.70 days. Subsequently, there was a decreasing trend in the DOH, hitting a low of 53.11 days in the first quarter of 2020. This indicates that the company was able to manage its inventory more efficiently during those periods.
Overall, the company's inventory management seems to have improved since the peak in the third quarter of 2023. However, it is essential for ScanSource Inc to continue monitoring and optimizing its inventory levels to ensure effective working capital management and operational efficiency.
Peer comparison
Jun 30, 2024