Synaptics Incorporated (SYNA)

Inventory turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cost of revenue	US$ in thousands	735,000	841,600	1,007,300	902,300	977,500
Inventory	US$ in thousands	114,000	137,200	169,700	82,000	102,000
Inventory turnover		6.45	6.13	5.94	11.00	9.58

June 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $735,000K ÷ $114,000K
= 6.45

Synaptics Incorporated's inventory turnover has exhibited fluctuations over the past five years. The trend indicates that the company has been able to effectively manage its inventory relative to its cost of goods sold. A high inventory turnover ratio suggests efficient inventory management, as seen in 2021 and 2020 with ratios of 11.00 and 9.58, respectively. However, the ratios in 2024, 2023, and 2022 were lower, albeit still above 5, indicating a slower rate of inventory turnover during those years. Overall, Synaptics' inventory turnover ratios reveal varying levels of efficiency in managing its inventory over the past five years.