Synopsys Inc (SNPS)

Number of days of payables

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Payables turnover		6.01	6.67	28.30	31.44	26.49
Number of days of payables	days	60.77	54.74	12.90	11.61	13.78

October 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.01
= 60.77

Synopsys Inc's number of days of payables has fluctuated over the past five years. In 2024, the company took an average of 60.77 days to pay its suppliers, which is an increase from 54.74 days in 2023. This indicates that Synopsys Inc is taking longer to settle its payables in 2024 compared to the previous year.

Looking back to 2022, the number of days of payables was significantly higher at 12.90 days, which suggests that the company was much quicker in settling its payables that year. Furthermore, the number of days of payables in 2021 was 11.61 days, showing a slight decrease compared to 2022.

In 2020, the number of days of payables was 13.78 days, indicating a slight increase compared to 2021. Overall, Synopsys Inc's number of days of payables has shown variability over the years, with a noticeable increase in 2024 compared to the previous year. It would be important for stakeholders to monitor this ratio to understand the company's working capital management and vendor payment practices.