ScanSource Inc (SCSC)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.87 | 5.86 | 5.41 | 5.34 | 4.56 | 5.53 | 4.81 | 4.84 | 4.40 | 5.31 | 5.38 | 5.50 | 4.89 | 4.88 | 4.92 | 5.50 | 6.11 | 6.16 | 5.94 | 5.51 | |
| DSO | days | 74.96 | 62.28 | 67.46 | 68.30 | 80.04 | 66.02 | 75.90 | 75.41 | 82.88 | 68.70 | 67.89 | 66.35 | 74.57 | 74.75 | 74.26 | 66.34 | 59.71 | 59.21 | 61.41 | 66.26 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.87
= 74.96
The Days Sales Outstanding (DSO) for ScanSource Inc has fluctuated over the past quarters, indicating varying efficiency in collecting accounts receivable. In the most recent quarter as of Jun 30, 2024, the DSO stands at 74.96 days, which represents an increase compared to the previous quarter's 62.28 days. This suggests that ScanSource took longer to convert its accounts receivable into cash in the latest period.
Looking back, there have been periods of both improvement and deterioration in DSO. For instance, in Mar 31, 2022, the DSO was 68.70 days, which saw an improvement to 59.71 days by Sep 30, 2020. However, there was a spike in DSO to 82.88 days on Jun 30, 2022, indicating potential inefficiencies in collecting receivables during that period.
Overall, monitoring DSO trends over time can provide valuable insights into ScanSource's effectiveness in managing its accounts receivable and cash flow. An increasing trend in DSO may indicate credit risks, collection inefficiencies, or changes in customer payment patterns, while a decreasing trend could signal improved cash management practices.
Peer comparison
Jun 30, 2024