Synopsys Inc (SNPS)

Number of days of payables

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Payables turnover		6.25	15.95	13.24	15.24	7.28	16.16	12.87	15.53	28.30	14.11	12.75	31.19	31.44	20.62	19.02	31.91	26.49	20.28	14.42	28.33
Number of days of payables	days	58.43	22.89	27.56	23.96	50.15	22.58	28.35	23.50	12.90	25.87	28.62	11.70	11.61	17.70	19.19	11.44	13.78	18.00	25.31	12.88

October 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.25
= 58.43

The number of days of payables for Synopsys Inc has shown some fluctuations over the past few quarters. The latest figure as of October 31, 2024, indicates that the company takes approximately 58.43 days to pay its suppliers. This represents a significant increase from the previous quarter where the number of days of payables was 22.89 days.

Analyzing further back, the trend shows variations in the number of days of payables, with some quarters reflecting longer payment periods (e.g., 50.15 days in Oct 31, 2023) and others showing shorter payment periods (e.g., 11.61 days in Jul 31, 2021). Overall, the average number of days of payables appears to be around 25 days, indicating that Synopsys Inc typically takes about a month to settle its outstanding obligations with suppliers.

It is essential to monitor the trend in the number of days of payables over time as it can provide insights into the company's liquidity management and relationship with its suppliers. Fluctuations in this ratio could signal changes in the company's payment policies or its ability to manage working capital efficiently.