ScanSource Inc (SCSC)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,271,767 | 3,456,843 | 3,586,052 | 3,696,345 | 3,765,764 | 3,784,114 | 3,749,064 | 3,605,612 | 3,521,335 | 3,412,777 | 3,296,866 | 3,243,208 | 3,143,033 | 2,487,363 | 2,627,719 | 2,804,853 | 3,053,082 | 3,814,466 | 3,834,988 | 3,891,614 |
| Receivables | US$ in thousands | 671,935 | 589,847 | 662,799 | 691,669 | 825,775 | 684,458 | 779,562 | 744,946 | 799,547 | 642,384 | 613,186 | 589,532 | 642,097 | 509,404 | 534,583 | 509,779 | 499,451 | 618,758 | 645,270 | 706,428 |
| Receivables turnover | 4.87 | 5.86 | 5.41 | 5.34 | 4.56 | 5.53 | 4.81 | 4.84 | 4.40 | 5.31 | 5.38 | 5.50 | 4.89 | 4.88 | 4.92 | 5.50 | 6.11 | 6.16 | 5.94 | 5.51 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,271,767K ÷ $671,935K
= 4.87
ScanSource Inc's receivables turnover has shown some fluctuations over the past several quarters. The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales during a specific period. A higher turnover ratio is generally favorable as it indicates that the company is able to collect its outstanding receivables more quickly.
Looking at the trend in ScanSource Inc's receivables turnover, we can see that it has ranged from 4.40 to 6.16 over the past few quarters. The ratio peaked at 6.16 in the second quarter of 2020 and hit a low of 4.40 in the second quarter of 2022. This variability suggests that the company's collection efficiency has been inconsistent.
In recent quarters, the receivables turnover ratio has been relatively stable, ranging between 4.87 and 5.86. This could indicate that ScanSource Inc has been able to maintain a moderate level of efficiency in collecting its accounts receivable.
Overall, while the receivables turnover ratio for ScanSource Inc has shown some fluctuations, it is important for the company to continue monitoring and improving its collection processes to ensure timely receipt of payments from customers and optimize its cash flow management.
Peer comparison
Jun 30, 2024