Synaptics Incorporated (SYNA)

Days of inventory on hand (DOH)

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		6.65	6.49	6.26	6.35	6.50	6.55	5.91	6.03	6.25	6.87	6.97	10.17	10.65	12.70	11.45	7.63	8.77	9.82	12.37	7.69
DOH	days	54.89	56.24	58.31	57.45	56.14	55.75	61.80	60.55	58.38	53.13	52.37	35.88	34.27	28.73	31.87	47.81	41.61	37.16	29.50	47.48

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.65
= 54.89

Synaptics Incorporated's Days of Inventory on Hand (DOH) has shown some fluctuation over the past few years. From Dec 31, 2019, to Mar 31, 2022, the company experienced a decreasing trend in DOH, which indicates efficient management of inventory levels.

However, from Mar 31, 2022, to Dec 31, 2023, the DOH began to increase steadily, reaching a peak of 61.80 days on Dec 31, 2022. This may suggest potential issues such as overstocking or slowing sales that could impact the company's liquidity and profitability.

Subsequently, there was a slight decline in DOH in the following quarters, but the levels remained relatively high. It is essential for Synaptics to monitor and manage its inventory effectively to optimize working capital and ensure that excess inventory does not tie up resources unnecessarily.

Overall, the upward trend in DOH over recent periods highlights the importance of actively managing inventory levels to maintain a healthy balance between supply and demand.