Synopsys Inc (SNPS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,130,510 | 5,842,620 | 5,527,780 | 5,288,260 | 5,172,630 | 5,081,550 | 4,949,680 | 4,759,040 | 4,504,130 | 4,204,191 | 4,077,211 | 3,984,215 | 3,821,222 | 3,685,282 | 3,510,923 | 3,399,759 | 3,374,674 | 3,360,694 | 3,304,695 | 3,231,439 |
| Receivables | US$ in thousands | 1,064,140 | 1,006,980 | 666,577 | 779,892 | 1,035,320 | 842,345 | 682,647 | 722,992 | 1,038,750 | 604,090 | 577,845 | 612,285 | 789,320 | 831,641 | 638,489 | 634,807 | 799,078 | 592,070 | 457,390 | 526,691 |
| Receivables turnover | 5.76 | 5.80 | 8.29 | 6.78 | 5.00 | 6.03 | 7.25 | 6.58 | 4.34 | 6.96 | 7.06 | 6.51 | 4.84 | 4.43 | 5.50 | 5.36 | 4.22 | 5.68 | 7.23 | 6.14 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,130,510K ÷ $1,064,140K
= 5.76
The receivables turnover for Synopsys, Inc. has shown some fluctuations over the past few quarters. The company's receivables turnover ratio ranged from 5.00 to 8.29 during the past eight quarters, with an average turnover rate of approximately 6.49.
A higher receivables turnover ratio indicates that the company is efficient in collecting outstanding receivables from customers. In Q3 2023, Synopsys, Inc. achieved the highest turnover ratio of 8.29, suggesting strong efficiency in collecting payments from customers during that period.
Conversely, in Q1 2023, the company had the lowest turnover ratio of 5.00, which may indicate slower collections or a higher level of outstanding receivables relative to revenue generated during that period.
Overall, Synopsys, Inc. has demonstrated moderate to strong efficiency in managing its accounts receivables over the analyzed quarters, with slight fluctuations in performance. Investors and analysts may continue to monitor the company's receivables turnover ratio to assess its liquidity and operational efficiency in the future.
Peer comparison
Jan 31, 2024