Synopsys Inc (SNPS)

Number of days of payables

		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	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Payables turnover		16.50	7.84	17.62	13.46	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	38.00	51.25	24.33
Number of days of payables	days	22.13	46.56	20.72	27.11	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	9.61	7.12	15.00

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.50
= 22.13

The number of days of payables for Synopsys, Inc. has fluctuated over the past eight quarters. In Q4 2023, the company had the highest number of days of payables at 46.56 days, indicating that it took approximately 46.56 days, on average, to pay its suppliers. This was a significant increase from the previous quarter, Q3 2023, where the number of days of payables was only 20.72 days.

In contrast, in Q4 2022, Synopsys, Inc. had the lowest number of days of payables at 12.90 days, suggesting that the company was able to pay its suppliers more quickly during that period. The number of days of payables has shown some volatility over the quarters, with fluctuations in the range of approximately 13 to 34 days.

Overall, the trend in the number of days of payables for Synopsys, Inc. indicates variability in the company's payment practices to its suppliers. It is important to further analyze the reasons behind these fluctuations and assess the potential impact on the company's liquidity and working capital management.