Synopsys Inc (SNPS)

Number of days of payables

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Payables turnover		7.84	28.30	31.44	26.49	38.00
Number of days of payables	days	46.56	12.90	11.61	13.78	9.61

October 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.84
= 46.56

The number of days of payables for Synopsys, Inc. has shown a fluctuating trend over the past five years. In 2023, the number of days of payables increased significantly to 46.56 days, representing a substantial increase compared to the previous year. This suggests that the company took longer to pay its suppliers and vendors in 2023.

Comparatively, in 2022, Synopsys, Inc. had a significantly lower number of days of payables at 12.90 days, indicating a more efficient management of payables and potentially a shorter cash conversion cycle.

Similarly, in 2021, the number of days of payables was 11.61 days, slightly lower than in the previous year, indicating efficient management of payables during that period.

In 2020, the number of days of payables increased to 13.78 days, suggesting a slight deterioration in the management of payables compared to 2019 when the number of days of payables stood at 9.61 days.

Overall, the fluctuation in the number of days of payables for Synopsys, Inc. over the past five years indicates varying levels of efficiency in managing payables, which can impact the company's working capital and liquidity position. Further analysis of the underlying reasons for these fluctuations and their impact on the company's financial performance would be beneficial for a comprehensive understanding.