Synnex Corporation (SNX)
Number of days of payables
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.61 | 4.02 | 4.18 | 2.47 | 5.01 | |
| Number of days of payables | days | 101.08 | 90.89 | 87.37 | 147.78 | 72.89 |
November 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.61
= 101.08
Synnex Corporation's number of days of payables has exhibited fluctuations over the analyzed period. In November 2020, the company took approximately 72.89 days to pay its creditors, representing a moderate payment timeline. However, by November 2021, the number of days of payables significantly increased to 147.78 days, indicating a prolonged payment period that could potentially strain liquidity.
Subsequently, in November 2022, the number of days of payables decreased to 87.37 days, reflecting an improvement in the company's ability to settle its obligations within a shorter timeframe. The trend slightly increased in November 2023 to 90.89 days, suggesting a stable but slightly extended payment duration.
By November 2024, the number of days of payables rose to 101.08 days, indicating a moderate increase in the payment period compared to the preceding year. Overall, Synnex Corporation's management of its payables has displayed variability, with notable fluctuations in payment efficiency observed over the analyzed years.
Peer comparison
Nov 30, 2024