Synopsys Inc (SNPS)
Days of sales outstanding (DSO)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.26 | 5.80 | 6.03 | 6.96 | 4.43 | |
| DSO | days | 58.30 | 62.91 | 60.50 | 52.45 | 82.37 |
October 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.26
= 58.30
The Days Sales Outstanding (DSO) for Synopsys Inc has shown fluctuation over the past five years. In 2024, DSO decreased to 58.30 days from 62.91 days in 2023. This suggests a more efficient collection of accounts receivable in 2024 compared to the previous year. However, DSO was higher in 2024 compared to 2021 when it was 52.45 days, indicating a longer time taken to convert sales into cash. The highest DSO was recorded in 2020 at 82.37 days, signaling a significant improvement in collections efficiency since then. Overall, the trend in DSO for Synopsys Inc reflects varying effectiveness in managing its accounts receivable turnover across the years.
Peer comparison
Oct 31, 2024