ScanSource Inc (SCSC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 77,060 | 79,776 | 88,191 | 81,199 | 89,809 | 90,944 | 93,249 | 90,767 | 88,798 | 92,561 | 82,133 | 44,687 | 10,795 | -230,177 | -241,562 | -216,002 | -192,653 | 36,187 | 46,189 | 54,805 |
| 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 |
| ROA | 4.33% | 4.47% | 4.95% | 4.28% | 4.34% | 4.59% | 4.38% | 4.54% | 4.58% | 5.03% | 4.64% | 2.63% | 0.65% | -14.54% | -15.12% | -12.46% | -11.39% | 1.74% | 2.09% | 2.47% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $77,060K ÷ $1,779,030K
= 4.33%
ScanSource Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA has been relatively stable in recent quarters, ranging between 4.28% to 5.03%. This indicates that the company has been able to generate a consistent level of profit relative to its total assets.
However, it is important to note that there were significant declines in ROA in the quarters ending in December 2021 and March 2021, with negative values of -14.54% and -15.12% respectively. These negative ROA figures suggest that the company may have struggled to efficiently utilize its assets to generate profits during those periods.
Overall, based on the trend in ROA, ScanSource Inc has generally maintained a reasonable level of profitability relative to its asset base, with some periods of underperformance. Monitoring this metric closely can provide insights into the company's operational efficiency and financial health.
Peer comparison
Jun 30, 2024