ScanSource Inc (SCSC)
Total asset 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 |
| Total assets | US$ in thousands | 1,779,030 | 2,068,170 | 1,937,430 | 1,671,680 | 1,692,090 |
| Total asset turnover | 1.84 | 1.82 | 1.82 | 1.88 | 1.79 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,271,770K ÷ $1,779,030K
= 1.84
ScanSource Inc's total asset turnover has fluctuated over the past five years, ranging from 1.79 to 1.88. The company's ability to generate sales from its total assets seems to have been relatively stable, with a slight increase in 2021 followed by a slight decrease in 2024. A total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate revenue. Overall, ScanSource Inc's total asset turnover ratios suggest that the company has been efficiently managing its assets to drive sales over the years.
Peer comparison
Jun 30, 2024