Synnex Corporation (SNX)

Number of days of payables

		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
Payables turnover		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	2.28	3.83	6.81
Number of days of payables	days	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	160.11	95.29	53.63

February 29, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.32
= 84.46

Synnex Corporation's number of days of payables has shown fluctuations over the past few financial periods. The trend indicates that the company takes an average of around 80 to 90 days to settle its payables. There was a significant increase in the number of days of payables in the most recent period, reaching 84.46 days, compared to the previous period where it was 87.48 days. This suggests a potential improvement in managing the payables turnover rate. It is important for Synnex Corporation to closely monitor and control its payables to ensure efficient working capital management and maintain healthy supplier relationships.