Synaptics Incorporated (SYNA)

Days of sales outstanding (DSO)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Receivables turnover 8.24 7.87 6.89 7.21 6.68 6.44 8.05 9.59 8.20 7.31 6.82 6.36 5.38 5.33 4.63 6.06 5.87 5.52 5.18 5.81
DSO days 44.27 46.38 52.96 50.61 54.63 56.69 45.35 38.07 44.50 49.92 53.53 57.41 67.83 68.43 78.76 60.21 62.20 66.16 70.45 62.88

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.24
= 44.27

Analyzing the days of sales outstanding (DSO) for Synaptics Incorporated over the specified period reveals notable fluctuations and trends. Initially, the DSO was approximately 62.88 days as of September 30, 2020. This figure increased to 70.45 days by December 31, 2020, indicating a slowdown in receivables collections during this quarter. The DSO subsequently decreased to 66.16 days in March 2021 and further reduced to 62.20 days by June 2021, suggesting an improvement in the company's receivable turnover.

From September 2021 onward, the DSO demonstrated an increasing trend, reaching 78.76 days in December 2021, which could reflect deteriorating collection efficiency or changes in credit policies. However, this upward trend reversed, with the DSO decreasing to 68.43 days in March 2022 and maintaining a relatively stable level near 67.83 days by June 2022.

A significant reduction is observed in the subsequent periods, with DSO falling to 57.41 days in September 2022 and 53.53 days in December 2022. This downward trend continued, with the DSO reaching a low of 49.92 days in March 2023 and further decreasing to 44.50 days in June 2023. The most recent quarter, September 2023, shows a continued improvement, with DSO at 38.07 days, indicating more efficient receivables management.

However, some fluctuation appears in the last two reported periods, with DSO increasing slightly to 45.35 days in December 2023, then rising again to 56.69 days in March 2024. The figure stabilized somewhat at 54.63 days in June 2024 and then increased marginally to 50.61 days by September 2024. The data for December 2024 through June 2025 indicates some variability, with DSO oscillating around the mid-40s to high-50s range, peaking at 56.69 days in March 2024.

Overall, the trend from late 2021 through mid-2023 reflects a consistent decrease in DSO, suggesting improved efficiency in receivables collection and potentially tighter credit policies or stronger customer payment discipline. The subsequent slight increases could indicate some challenges in receivable management or shifts in customer credit terms, but the overall DSO remains in a relatively moderate range for technology manufacturing companies. The fluctuations over the analyzed periods denote a cycle of operational adjustments impacting the company's collection period, with recent data implying potential stabilization or a slight softening in collection efficiency.