ScanSource Inc (SCSC)
Total asset 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 |
| Total assets | US$ in thousands | 1,779,030 | 1,782,990 | 1,780,800 | 1,898,540 | 2,068,170 | 1,980,380 | 2,130,530 | 2,000,310 | 1,937,430 | 1,840,800 | 1,770,870 | 1,697,350 | 1,671,680 | 1,582,620 | 1,597,120 | 1,733,340 | 1,692,090 | 2,073,800 | 2,210,130 | 2,218,520 |
| Total asset turnover | 1.84 | 1.94 | 2.01 | 1.95 | 1.82 | 1.91 | 1.76 | 1.80 | 1.82 | 1.85 | 1.86 | 1.91 | 1.88 | 1.57 | 1.65 | 1.62 | 1.80 | 1.84 | 1.74 | 1.75 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,271,767K ÷ $1,779,030K
= 1.84
ScanSource Inc's total asset turnover has shown fluctuations over the past several quarters, ranging from 1.57 to 2.01. The ratio indicates how efficiently the company is generating revenue from its total assets. A higher total asset turnover suggests that ScanSource is effectively utilizing its assets to generate sales revenue.
The trend of the total asset turnover ratio over the period shows variability, with some quarters displaying higher efficiency in asset utilization compared to others. For instance, the ratio peaked at 2.01 in December 2023, indicating strong asset efficiency during that period. However, there have been quarters where the ratio dipped, such as in March 2021, where it was 1.57, indicating lower asset turnover efficiency.
Overall, ScanSource Inc's total asset turnover has been relatively stable, with most quarters showing ratios above 1.5. This suggests that the company has been efficiently utilizing its assets to generate revenue, although there have been fluctuations in performance over the period analyzed. Tracking this ratio over time can help assess the company's operational efficiency and identify trends in asset utilization.
Peer comparison
Jun 30, 2024