ScanSource Inc (SCSC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 90,322 | 95,740 | 112,477 | 125,083 | 135,887 | 136,024 | 134,662 | 126,728 | 122,168 | 118,025 | 104,544 | 90,176 | 61,482 | -75,240 | -84,283 | -82,847 | -64,968 | 73,264 | 81,675 | 92,815 |
| 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 |
| Operating ROA | 5.08% | 5.37% | 6.32% | 6.59% | 6.57% | 6.87% | 6.32% | 6.34% | 6.31% | 6.41% | 5.90% | 5.31% | 3.68% | -4.75% | -5.28% | -4.78% | -3.84% | 3.53% | 3.70% | 4.18% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $90,322K ÷ $1,779,030K
= 5.08%
Operating return on assets (Operating ROA) measures a company's ability to generate profits from its operational assets. ScanSource Inc's Operating ROA has fluctuated over the past 2 years, ranging from -5.28% to 6.87%.
The trend of ScanSource's Operating ROA shows inconsistency with peaks and troughs. In the most recent quarter ending June 30, 2024, the Operating ROA was 5.08%, down slightly from the previous quarter. However, compared to the same quarter a year ago, the Operating ROA has shown improvement.
Over the past two years, the company has managed to improve its profitability as indicated by the increasing trend in Operating ROA since the negative values reported in early 2021. This improvement demonstrates a better utilization of the company's operational assets to generate earnings.
It is important for ScanSource to continue monitoring and managing its operational efficiency and asset utilization to sustain and potentially improve its Operating ROA in the future. Further analysis involving other financial metrics and qualitative factors would provide a more comprehensive understanding of the company's overall performance and financial health.
Peer comparison
Jun 30, 2024