ScanSource Inc (SCSC)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,271,770 | 3,765,770 | 3,521,330 | 3,143,030 | 3,034,980 |
| Receivables | US$ in thousands | 671,935 | 825,775 | 799,547 | 642,097 | 499,451 |
| Receivables turnover | 4.87 | 4.56 | 4.40 | 4.89 | 6.08 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,271,770K ÷ $671,935K
= 4.87
The receivables turnover ratio for ScanSource Inc has shown a fluctuating trend over the past five years. The ratio has ranged from 4.40 to 6.08, with the highest value recorded in June 2020 and the lowest in June 2022. This ratio indicates how efficiently the company is collecting payments from its customers. Higher receivables turnover ratios generally imply that the company is collecting its accounts receivable more quickly, whereas lower ratios may suggest slower collection or potential credit issues with customers. ScanSource Inc's receivables turnover has generally been at a reasonable level, indicating a moderate efficiency in collecting payments from customers over the years.
Peer comparison
Jun 30, 2024