ScanSource Inc (SCSC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 85,053 | 80,718 | 79,844 | 88,226 | 94,680 | 99,663 | 112,477 | 125,083 | 135,887 | 136,023 | 134,661 | 126,727 | 122,167 | 118,026 | 104,545 | 90,177 | 61,483 | -75,239 | -88,386 | -87,019 |
| Total assets | US$ in thousands | 1,785,610 | 1,725,210 | 1,702,530 | 1,786,510 | 1,797,980 | 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 |
| Operating ROA | 4.76% | 4.68% | 4.69% | 4.94% | 5.27% | 5.59% | 6.32% | 6.59% | 6.57% | 6.87% | 6.32% | 6.34% | 6.31% | 6.41% | 5.90% | 5.31% | 3.68% | -4.75% | -5.53% | -5.02% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $85,053K ÷ $1,785,610K
= 4.76%
The operating return on assets (ROA) for ScanSource Inc. exhibited notable fluctuations over the analyzed period. Starting from a negative value of -5.02% as of September 30, 2020, the metric worsened slightly to -5.53% by December 31, 2020, indicating that the company was experiencing operating losses relative to its assets during this period. Over the subsequent quarters, a gradual improvement was observed, with the operating ROA moving toward positive territory, reaching 3.68% as of June 30, 2021, and further increasing to 5.31% by September 30, 2021.
Throughout 2022 and into early 2023, ScanSource's operating ROA demonstrated relative stability, generally hovering around the 6% mark. The values recorded were 6.41% on March 31, 2022; 6.31% on June 30, 2022; 6.34% on September 30, 2022; and 6.32% on December 31, 2022. These figures suggest a period of steady operational efficiency, with the company's ability to generate operating income from its assets being relatively consistent. The upward trend resumed during the first quarter of 2023, reaching 6.87%, before slightly declining to 6.57% in June 2023 and marginally increasing again to 6.59% by September 30, 2023.
Looking further into 2024 and 2025, the operating ROA displayed a decline, indicating a potential reduction in operational profitability relative to assets. As of March 31, 2024, it decreased to 5.59%, followed by continued decreases to 5.27% on June 30, 2024, and 4.94% on September 30, 2024. The trend persisted into the subsequent quarters, with values at 4.69% on December 31, 2024, and remaining relatively stable around 4.68% to 4.76% throughout the first half of 2025.
Overall, the data reflects a transition from periods of significant operating losses in late 2020 to stable and positive operating efficiency through 2022 and the first half of 2023. However, beginning in late 2023 and into 2024, there is a noticeable decline in operating ROA, indicating a potential downward shift in operational profitability relative to assets. This trend warrants further investigation to understand underlying causes, such as changes in operating margins, asset utilization, or market conditions affecting the company's operational performance.
Peer comparison
Jun 30, 2025