ScanSource Inc (SCSC)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.39 | 5.29 | 4.77 | 4.87 | 6.84 | |
| Number of days of payables | days | 67.69 | 69.06 | 76.47 | 74.98 | 53.34 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.39
= 67.69
The number of days of payables for ScanSource Inc has varied over the past five years. In the most recent fiscal year ended on June 30, 2024, the company took approximately 67.69 days, on average, to pay its trade payables. This number has decreased compared to the prior year, indicating a more efficient management of payables.
Looking back over the years, the company's number of days of payables has fluctuated. In fiscal year 2023, it took 69.06 days to pay payables, which was slightly higher than in 2024. However, in fiscal year 2022 and 2021, the number of days of payables were even higher at 76.47 days and 74.98 days, respectively. In contrast, in fiscal year 2020, the company had the lowest number of days of payables at 53.34 days.
Overall, the trend in the number of days of payables for ScanSource Inc shows some variability but with a recent decrease, indicating potential improvements in managing its payment obligations to suppliers and vendors. It is essential for the company to continue monitoring and optimizing its payables management to ensure healthy working capital management and relationships with its suppliers.
Peer comparison
Jun 30, 2024