Synaptics Incorporated (SYNA)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.40 | 18.38 | 7.10 | 9.24 | 16.13 | |
| Number of days of payables | days | 43.45 | 19.86 | 51.38 | 39.48 | 22.63 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.40
= 43.45
Synaptics Incorporated's number of days of payables has fluctuated over the past five years, indicating varying management of its accounts payable. In Jun 30, 2024, the number of days of payables was 43.45 days, which suggests that the company took approximately 43 days to pay its suppliers on average. This is an increase from the previous year where the number of days of payables was 19.86 days, indicating that the company took longer to settle its outstanding payments.
Comparing the current year to Jun 30, 2022, where the number of days of payables was 51.38 days, there has been an improvement in the management of payables as the days decreased. However, this is still higher than Jun 30, 2020, where the number of days of payables was 22.63 days, indicating that the company was more efficient in paying its obligations back then.
Overall, the trend in Synaptics' number of days of payables shows inconsistency, and it would be important for the company to maintain a balance between managing its payables effectively while preserving good relationships with its suppliers.
Peer comparison
Jun 30, 2024