ScanSource Inc (SCSC)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,632,164 | 2,579,690 | 2,639,605 | 2,777,875 | 2,873,711 | 3,056,891 | 3,166,088 | 3,277,951 | 3,338,482 | 3,351,483 | 3,317,208 | 3,177,727 | 3,103,410 | 3,008,835 | 2,911,110 | 2,879,538 | 2,800,090 | 2,605,477 | 2,741,394 | 2,892,159 |
| Inventory | US$ in thousands | 483,815 | 476,206 | 491,978 | 504,078 | 512,634 | 529,163 | 575,137 | 656,170 | 757,574 | 752,763 | 761,936 | 675,798 | 614,814 | 591,396 | 562,397 | 493,541 | 470,081 | 459,652 | 421,003 | 423,088 |
| Inventory turnover | 5.44 | 5.42 | 5.37 | 5.51 | 5.61 | 5.78 | 5.50 | 5.00 | 4.41 | 4.45 | 4.35 | 4.70 | 5.05 | 5.09 | 5.18 | 5.83 | 5.96 | 5.67 | 6.51 | 6.84 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,632,164K ÷ $483,815K
= 5.44
The inventory turnover ratio for ScanSource Inc. exhibits notable fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ratio decreased from 6.84 in September 2020 to a low of 4.35 in December 2022, indicating a lengthening of the average number of times inventory was sold and replaced within the period. This downward trend suggests a period of slower inventory movement, potentially reflecting increased inventory levels, reduced sales velocity, or a strategic shift in inventory management.
From the low point in December 2022, the ratio demonstrated a gradual recovery, climbing to 5.50 by December 2023. The upward trend continued modestly into March 2024 and maintained relative stability through June 2024, with ratios around 5.61 to 5.78. This improvement may imply an enhancement in inventory efficiency, possibly due to improved sales performance or better inventory control measures.
However, the ratio experienced slight fluctuations afterward, with a slight decline to 5.51 in September 2024, then stabilizing around 5.37 to 5.44 through the first half of 2025. Throughout the period, the ratio remains within a moderate range, indicating that while inventory management has improved from its prior lows, it still reflects a relatively steady turnover rate.
Overall, the trend from 2020 to 2025 suggests that ScanSource Inc. endured a period of slower inventory turnover during 2021 and 2022, followed by a gradual stabilization and modest recovery. These movements may correspond to broader operational or market conditions, influencing the company's ability to efficiently manage and sell its inventory over time.
Peer comparison
Jun 30, 2025
Jun 30, 2025