ScanSource Inc (SCSC)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,040,810 | 2,974,037 | 3,021,789 | 3,159,084 | 3,259,809 | 3,460,844 | 3,593,764 | 3,720,212 | 3,787,720 | 3,802,855 | 3,763,326 | 3,616,437 | 3,529,935 | 3,420,346 | 3,304,229 | 3,250,775 | 3,150,806 | 2,934,562 | 3,077,172 | 3,255,778 |
| Total current assets | US$ in thousands | 1,370,450 | 1,310,270 | 1,283,760 | 1,352,360 | 1,404,700 | 1,416,160 | 1,405,200 | 1,507,440 | 1,657,080 | 1,577,540 | 1,719,060 | 1,587,700 | 1,523,800 | 1,407,830 | 1,334,340 | 1,256,410 | 1,219,640 | 1,117,800 | 1,119,130 | 1,251,880 |
| Total current liabilities | US$ in thousands | 682,964 | 631,850 | 609,623 | 666,006 | 669,352 | 643,046 | 610,612 | 701,049 | 786,801 | 744,151 | 836,736 | 794,055 | 814,264 | 800,973 | 746,766 | 692,415 | 732,939 | 622,697 | 689,586 | 838,165 |
| Working capital turnover | 4.42 | 4.38 | 4.48 | 4.60 | 4.43 | 4.48 | 4.52 | 4.61 | 4.35 | 4.56 | 4.27 | 4.56 | 4.97 | 5.64 | 5.62 | 5.76 | 6.47 | 5.93 | 7.16 | 7.87 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,040,810K ÷ ($1,370,450K – $682,964K)
= 4.42
The working capital turnover ratio for ScanSource Inc exhibits notable fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. At the beginning of this period, the ratio stood at 7.87, indicating a relatively high efficiency in utilizing working capital to generate sales. Subsequently, the ratio progressively declined, reaching a low of 4.27 as of December 31, 2022, reflecting a decrease in the efficiency of working capital utilization.
Throughout the subsequent period, there were minor fluctuations with the ratio marginally increasing to approximately 4.56–4.61 in September 2023, followed by slight decreases to around 4.48 in December 2024. By June 2025, the ratio slightly increased again to 4.42, suggesting a relatively stable but lower level of efficiency compared to the initial values observed in September 2020.
Overall, the trend indicates a significant decline in working capital turnover ratio from the early peak, consolidating into a more stable but lower level. This pattern may imply a reduction in operational efficiency in managing working capital relative to sales over time, possibly due to changes in sales volume, working capital management strategies, or operational scale adjustments.
Peer comparison
Jun 30, 2025