ScanSource Inc (SCSC)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 77,060 | 89,809 | 88,798 | 10,795 | -192,654 |
| Total assets | US$ in thousands | 1,779,030 | 2,068,170 | 1,937,430 | 1,671,680 | 1,692,090 |
| ROA | 4.33% | 4.34% | 4.58% | 0.65% | -11.39% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $77,060K ÷ $1,779,030K
= 4.33%
ScanSource Inc's return on assets (ROA) has shown fluctuating performance over the past five years. In the latest fiscal year ending June 30, 2024, the ROA stood at 4.33%, marginally lower than the previous year's 4.34%. This indicates that the company generated $4.33 in profit for every $100 of assets.
Comparing the recent performance to two years prior, the ROA has declined from 4.58% in June 2022. However, it is noteworthy that the current ROA remains significantly better than the ROA reported in June 2021, which was 0.65%. The company experienced a notable improvement in using its assets more efficiently to generate profits.
Moreover, looking back to June 2020, ScanSource Inc had faced challenges as indicated by a negative ROA of -11.39%. The subsequent recovery and consistent positive ROA figures demonstrate the company's efforts in effectively utilizing its assets to generate returns for its stakeholders.
Overall, ScanSource Inc's ROA trend reflects varying performance levels over the years, with recent years showing a positive trajectory. Maintaining or further improving ROA is crucial for the company to ensure sustainable profitability and optimal asset utilization in the future.
Peer comparison
Jun 30, 2024