ScanSource Inc (SCSC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 924,255 | 944,051 | 953,601 | 915,253 | 905,298 | 878,895 | 862,386 | 827,004 | 806,528 | 806,654 | 768,525 | 746,094 | 731,191 | 690,575 | 682,139 | 671,227 | 678,246 | 897,678 | 927,580 | 905,751 |
| ROE | 8.34% | 8.45% | 9.25% | 8.87% | 9.92% | 10.35% | 10.81% | 10.98% | 11.01% | 11.47% | 10.69% | 5.99% | 1.48% | -33.33% | -35.41% | -32.18% | -28.40% | 4.03% | 4.98% | 6.05% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $77,060K ÷ $924,255K
= 8.34%
ScanSource Inc's return on equity (ROE) has exhibited fluctuations over the past several quarters. The ROE ranged from as high as 11.47% in March 2022 to as low as -35.41% in March 2021. The recent trend shows a slight decrease in ROE from 9.25% in December 2023 to 8.34% in June 2024.
While the ROE has generally been positive in recent quarters, there have been periods of negative ROE, most notably in the first quarter of 2021. This indicates that the company faced challenges during that period in generating profits relative to shareholders' equity.
Investors and analysts closely monitor ROE as it provides insights into how effectively a company is utilizing its equity to generate profits. The fluctuations in ScanSource Inc's ROE suggest varying levels of profitability and efficiency in the utilization of shareholder equity.
Further analysis and comparison with industry peers may provide additional context to understand the factors influencing ScanSource Inc's ROE trends and performance.
Peer comparison
Jun 30, 2024