ScanSource Inc (SCSC)
Payables 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 |
| Payables | US$ in thousands | 598,595 | 540,765 | 520,408 | 578,657 | 587,984 | 555,733 | 540,642 | 617,594 | 691,119 | 656,688 | 748,662 | 710,919 | 714,177 | 706,359 | 653,190 | 602,229 | 634,805 | 521,552 | 589,292 | 544,856 |
| Payables turnover | 4.40 | 4.77 | 5.07 | 4.80 | 4.89 | 5.50 | 5.86 | 5.31 | 4.83 | 5.10 | 4.43 | 4.47 | 4.35 | 4.26 | 4.46 | 4.78 | 4.41 | 5.00 | 4.65 | 5.31 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,632,164K ÷ $598,595K
= 4.40
The payables turnover ratio for ScanSource Inc exhibits notable fluctuations over the analyzed period. Starting at 5.31 times as of September 30, 2020, the ratio decreased to 4.65 by the end of that year and continued to fluctuate through 2021, with values ranging from 4.41 to 5.00. Throughout 2022, the ratio mostly remained within the 4.26 to 4.47 range, indicating a relatively stable yet slightly declining trend. Notably, in the first quarter of 2023, the ratio increased to 5.10, reaching its highest point within the observed period, and further rose to 5.86 by the end of that year.
In 2024, the ratio displayed a slight decline from the peak, dropping to 5.07 at the end of the first quarter before decreasing marginally to 4.77 in the second quarter, then experiencing minor oscillations around the 4.80 to 5.07 range. In 2025, the ratio stabilized somewhat, starting at 4.77 at the beginning of the year, then reducing to 4.40 by June.
These variations suggest that ScanSource Inc’s payment practices, relative to its suppliers, have experienced periods of tightening and loosening over time. A higher payables turnover indicates faster payments to suppliers or increased purchasing efficiency, whereas a lower ratio suggests delays or extended credit terms. Overall, the trend indicates a pattern of periodic fluctuation with an upward movement reaching a peak late in 2023 followed by a slight moderation into 2024 and 2025.
Peer comparison
Jun 30, 2025