ScanSource Inc (SCSC)

Number of days of payables

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
Payables turnover 5.39 6.06 6.44 5.82 5.29 5.59 4.85 4.91 4.77 4.68 4.90 5.25 4.87 4.92 4.62 5.31 6.88 6.18 5.59 5.81
Number of days of payables days 67.69 60.26 56.67 62.69 69.06 65.35 75.29 74.34 76.47 78.05 74.48 69.52 74.98 74.20 79.05 68.69 53.03 59.08 65.26 62.85

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.39
= 67.69

ScanSource Inc's number of days of payables has shown some fluctuation over the historical period provided. The average number of days of payables for the most recent quarter (June 30, 2024) was 67.69 days, which indicates that, on average, the company takes approximately 67.69 days to pay its suppliers.

Comparing this figure to previous quarters, we see variations in the number of days of payables. For example, in the previous quarter (March 31, 2024), the number of days of payables was 60.26 days, reflecting a decrease compared to the current quarter. This suggests that the company took fewer days to pay its suppliers in the prior quarter.

Analyzing further, the number of days of payables has ranged from a low of 53.03 days on September 30, 2020, to a high of 79.05 days on March 31, 2021, indicating fluctuations in the company's payment practices over time.

Overall, fluctuations in the number of days of payables can be influenced by various factors such as changes in the company's payment terms, negotiation power with suppliers, and overall liquidity position. It is essential for stakeholders to monitor trends in payables days to understand the company's cash flow management and relationship with its suppliers.


Peer comparison

Jun 30, 2024

Company name
Symbol
Number of days of payables
ScanSource Inc
SCSC
67.69
ePlus inc
PLUS
68.81