Synnex Corporation (SNX)

Days of sales outstanding (DSO)

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Receivables turnover		5.65	5.68	6.36	6.46	5.80	6.83	6.63	6.62	7.61	6.57	4.83	3.80	9.92	9.06	8.75	5.16	5.69	6.61	6.82	6.00
DSO	days	64.58	64.23	57.40	56.54	62.92	53.48	55.09	55.16	47.99	55.58	75.62	95.94	36.79	40.27	41.71	70.72	64.10	55.24	53.55	60.79

November 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.65
= 64.58

The days of sales outstanding (DSO) for Synnex Corporation have shown fluctuations over the past few years. In the latest available data, as of November 30, 2024, the DSO stands at 64.58 days. This indicates that on average, it takes around 64.58 days for the company to collect its accounts receivable.

Analyzing the trend, we can see that the DSO has ranged between 36.79 days (August 31, 2021) and 95.94 days (November 30, 2021) over the past few years, showing some variability in the collection period. However, the DSO has generally been on a decreasing trend since hitting a peak in November 30, 2021. It's worth noting a significant improvement in collection efficiency from November 30, 2021 to August 31, 2022, with the DSO dropping from 95.94 days to 47.99 days.

Overall, a lower DSO indicates that the company is collecting its accounts receivable more quickly, which can be seen as a positive sign of efficient working capital management. However, it is essential to continuously monitor the DSO trend to ensure timely collection of receivables and maintain a healthy cash flow position.