ScanSource Inc (SCSC)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 185,460 | 159,050 | 44,987 | 42,647 | 36,178 | 37,374 | 66,445 | 40,472 | 37,987 | 43,539 | 34,123 | 55,491 | 62,718 | 49,321 | 67,187 | 49,889 | 29,485 | 34,596 | 42,005 | 25,877 |
| Short-term investments | US$ in thousands | — | — | — | — | 4,687 | — | — | — | 1,686 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Total current liabilities | US$ in thousands | 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 | 719,007 | 770,196 | 832,287 | 805,385 |
| Quick ratio | 1.28 | 1.16 | 1.16 | 1.05 | 1.10 | 0.97 | 1.01 | 0.99 | 1.03 | 0.86 | 0.87 | 0.93 | 0.96 | 0.90 | 0.87 | 0.67 | 0.74 | 0.85 | 0.83 | 0.91 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($185,460K
+ $—K
+ $671,935K)
÷ $669,352K
= 1.28
ScanSource Inc's quick ratio has exhibited some fluctuations over the past several quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1.0 typically indicates that a company has an acceptable level of liquidity to cover its short-term liabilities.
Analyzing ScanSource Inc's quick ratio:
- The quick ratio ranged from a low of 0.67 to a high of 1.28 over the past five years.
- The ratio has generally been above 1.0 in recent quarters, which suggests that ScanSource Inc has had sufficient liquid assets to cover its short-term obligations.
- The ratio peaked at 1.28 in June 2024, indicating a strong ability to meet short-term obligations without relying on inventory sales.
- Despite some fluctuations, the trend has shown an improvement in liquidity management over the last few quarters.
Overall, ScanSource Inc's quick ratio has been relatively healthy, with a recent peak indicating improved liquidity management. However, analysts should continue monitoring the quick ratio to ensure the company maintains its ability to meet short-term obligations efficiently.
Peer comparison
Jun 30, 2024