Synaptics Incorporated (SYNA)
Days of inventory on hand (DOH)
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
---|---|---|---|---|---|---|
Inventory turnover | 4.26 | 4.56 | 4.66 | 4.69 | 8.88 | |
DOH | days | 85.73 | 80.08 | 78.34 | 77.76 | 41.09 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.26
= 85.73
The analysis of Synaptics Incorporated’s days of inventory on hand (DOH) over the specified period indicates a consistent upward trend. As of June 30, 2021, the company held inventory for approximately 41.09 days. By June 30, 2022, this metric nearly doubled to 77.76 days, reflecting a significant increase in inventory holding period. The upward trajectory continued, with DOH reaching 78.34 days as of June 30, 2023, and further extending to 80.08 days by June 30, 2024. The most recent data available, as of June 30, 2025, shows a DOH of 85.73 days, demonstrating a steady elongation in the duration inventory is held before it is sold or otherwise disposed of.
This increasing trend suggests that Synaptics has been managing its inventory for progressively longer periods over these years. Several factors could contribute to this pattern, including shifts in product mix, changes in demand cycles, inventory management strategies, or supply chain considerations. A longer inventory holding period may imply reduced turnover, which could potentially tie up working capital and impact liquidity. Alternatively, it might reflect deliberate strategic decisions to align inventory levels with future demand expectations or to accommodate longer lead times in production and distribution.
Overall, the data indicates a significant expansion in inventory holding days over the four-year span, which warrants attention from management regarding inventory efficiency, turnover rates, and overall operational effectiveness.
Peer comparison
Jun 30, 2025