ScanSource Inc (SCSC)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,632,160 | 2,887,700 | 3,338,480 | 3,103,410 | 2,800,090 |
| Payables | US$ in thousands | 598,595 | 587,984 | 691,119 | 714,177 | 634,805 |
| Payables turnover | 4.40 | 4.91 | 4.83 | 4.35 | 4.41 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,632,160K ÷ $598,595K
= 4.40
The payables turnover ratio for ScanSource Inc. has demonstrated a fluctuating trend over the analyzed period from June 30, 2021, to June 30, 2025. In the fiscal year ending June 30, 2021, the ratio stood at 4.41, indicating that the company paid its suppliers approximately 4.41 times during that year. This ratio slightly decreased to 4.35 in the subsequent year ending June 30, 2022, suggesting a marginal elongation in the payment cycle to suppliers.
However, a notable increase occurred in the fiscal year ending June 30, 2023, with the ratio rising to 4.83, reflecting an accelerated turnover in payables and thus a shorter average payment period. This upward trend continued into the year ending June 30, 2024, with the payables turnover ratio reaching 4.91, the highest within the examined period, indicating an even more rapid settlement cycle.
Subsequently, a decline was observed in the year ending June 30, 2025, with the ratio decreasing to 4.40, near the initial levels observed in 2021. This shift potentially signifies a reduction in the speed of settling payables, possibly due to changes in supplier terms, liquidity management strategies, or operational considerations.
Overall, the fluctuations within this timeframe suggest that ScanSource Inc.'s payables management has experienced periods of tightening and loosening, with the most accelerated payments occurring around 2023 and 2024. The net change across the five-year span reflects a generally stable but dynamic approach to managing accounts payable, with a tendency toward shorter payment cycles in recent years, followed by a slight easing in 2025.
Peer comparison
Jun 30, 2025