ScanSource Inc (SCSC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,271,767 | 3,456,843 | 3,586,052 | 3,696,345 | 3,765,764 | 3,784,114 | 3,749,064 | 3,605,612 | 3,521,335 | 3,412,777 | 3,296,866 | 3,243,208 | 3,143,033 | 2,487,363 | 2,627,719 | 2,804,853 | 3,053,082 | 3,814,466 | 3,834,988 | 3,891,614 |
| Property, plant and equipment | US$ in thousands | 33,501 | 35,594 | 36,546 | 36,745 | 37,379 | 36,486 | 36,593 | 36,853 | 37,477 | 37,815 | 39,239 | 40,763 | 42,836 | 45,316 | 48,183 | 52,264 | 55,641 | 60,891 | 61,625 | 63,309 |
| Fixed asset turnover | 97.66 | 97.12 | 98.12 | 100.59 | 100.75 | 103.71 | 102.45 | 97.84 | 93.96 | 90.25 | 84.02 | 79.56 | 73.37 | 54.89 | 54.54 | 53.67 | 54.87 | 62.64 | 62.23 | 61.47 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,271,767K ÷ $33,501K
= 97.66
ScanSource Inc's fixed asset turnover ratio has exhibited fluctuations over the past several quarters. The ratio measures how efficiently the company generates sales revenue from its investment in fixed assets.
From December 2019 to March 2020, there was a significant increase in the fixed asset turnover ratio, reaching 62.64 before slightly decreasing in the following quarters. However, from March 2021 to March 2023, the ratio remained relatively stable above 90, indicating efficient utilization of fixed assets to generate revenue.
In the most recent quarter, the fixed asset turnover ratio decreased slightly to around 97.66. This suggests that the company generated approximately $97.66 in sales for every dollar invested in fixed assets during the quarter ended June 30, 2024.
Overall, ScanSource Inc has shown consistent operational efficiency in utilizing its fixed assets to generate revenue, as reflected in the high and stable fixed asset turnover ratios observed in recent quarters.
Peer comparison
Jun 30, 2024