Synnex Corporation (SNX)

Payables turnover

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Cost of revenue	US$ in thousands	54,471,100	53,598,600	58,443,600	29,724,600	18,783,300
Payables	US$ in thousands	15,084,100	13,347,300	13,989,000	12,034,900	3,751,240
Payables turnover		3.61	4.02	4.18	2.47	5.01

November 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $54,471,100K ÷ $15,084,100K
= 3.61

Synnex Corporation's payables turnover has shown some fluctuations over the past five years. The payables turnover ratio measures the efficiency with which a company pays its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.

In November 2020, Synnex Corporation had a payables turnover ratio of 5.01, indicating that the company paid its suppliers every 5.01 times during that period. However, this ratio decreased significantly to 2.47 in November 2021, suggesting that the company took longer to pay its suppliers in that year.

There was an improvement in payables turnover in the following years, with ratios of 4.18 in 2022, 4.02 in 2023, and 3.61 in 2024. These ratios suggest that the company's payment cycle to suppliers has become more efficient compared to 2021, but it is still lower than the ratio in 2020.

Overall, Synnex Corporation's payables turnover has fluctuated over the years, with a notable decrease in 2021 followed by some improvement in subsequent years. It is important for the company to monitor and manage its payables effectively to maintain a healthy relationship with suppliers and optimize cash flow.