Synnex Corporation (SNX)

Number of days of payables

		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
Payables turnover		3.61	3.82	4.31	4.32	4.17	4.54	4.47	4.18	4.22	3.86	3.25	2.47	6.46	5.97	6.29	5.01	8.00	7.28	8.17	5.69
Number of days of payables	days	101.08	95.44	84.65	84.46	87.48	80.32	81.71	87.37	86.45	94.47	112.41	147.78	56.52	61.11	58.05	72.89	45.65	50.14	44.66	64.17

November 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.61
= 101.08

The number of days of payables for Synnex Corporation has shown some variability over the past few years. From November 30, 2019, to November 30, 2021, there was a decreasing trend in the number of days of payables, indicating that the company was taking longer to pay its suppliers. However, this trend reversed sharply by the end of the period to February 28, 2022, with the number of days of payables reaching a peak of 147.78 days.

Subsequently, there was a significant decrease in the number of days of payables over the next few reporting periods, stabilizing around 80-90 days from November 30, 2023, onwards. This suggests that the company improved its efficiency in paying its bills and managing its working capital during this time frame.

Overall, while there was some fluctuation in the number of days of payables for Synnex Corporation, the company managed to reduce its payables turnover, indicating a more efficient use of its financial resources.