Synnex Corporation (SNX)
Number of days of payables
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.02 | 4.18 | 2.47 | 5.01 | 5.69 | |
| Number of days of payables | days | 90.89 | 87.37 | 147.78 | 72.89 | 64.17 |
November 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.02
= 90.89
To analyze TD Synnex Corp's number of days of payables, we can calculate the average number of days of payables over the past five years.
The average number of days of payables over the period from 2019 to 2023 is calculated as follows:
(90.89 + 87.37 + 147.78 + 65.08 + 55.11) / 5 = 89.45 days
After calculating the average, we can observe that the number of days of payables has fluctuated over the years, with a significant increase in 2021. This indicates that the company took longer to pay its creditors in 2021 compared to previous years.
A higher number of days of payables may suggest that the company is taking longer to settle its outstanding payables, which could be due to various reasons such as cash flow management or negotiating favorable payment terms with suppliers.
It's important to note that a longer number of days of payables may positively impact the company's cash flow by allowing it to hold onto cash for a longer period. However, prolonged payables could also strain relationships with suppliers if not managed effectively.
Overall, the trend in TD Synnex Corp's number of days of payables warrants further investigation into the company's working capital management and supplier relationships to gain a comprehensive understanding of its financial position.
Peer comparison
Nov 30, 2023