Synnex Corporation (SNX)

Days of sales outstanding (DSO)

		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	Aug 31, 2019	May 31, 2019	Feb 28, 2019
Receivables turnover		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	6.56	6.19	6.53
DSO	days	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	55.61	58.93	55.89

February 29, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.46
= 56.54

The Days of Sales Outstanding (DSO) ratio for Synnex Corporation has shown fluctuations over the past few quarters. DSO is a measure of how long it takes a company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments more quickly, which is generally preferable as it signifies efficient management of accounts receivable.

Looking at the data, we can see that there has been some variability in Synnex Corporation's DSO. In the most recent quarter (ending Feb 29, 2024), the DSO stood at 56.54 days, which was lower compared to the previous quarter's DSO of 62.92 days (ending Nov 30, 2023). This decrease suggests an improvement in the company's ability to collect payments.

It is worth noting that the DSO has been fluctuating within a certain range over the past few quarters, with occasional spikes and dips. The company experienced a significant increase in DSO in some periods, such as the DSO of 95.94 days in the quarter ending Nov 30, 2021. This could indicate difficulties in collecting payments promptly during that period.

Overall, while Synnex Corporation has shown some variability in its DSO over the quarters, the most recent DSO of 56.54 days suggests a relatively efficient management of accounts receivable. However, it would be prudent for stakeholders to monitor future trends in DSO to ensure continued effectiveness in collecting payments.