Synaptics Incorporated (SYNA)

Number of days of payables

		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
Payables turnover		6.03	6.34	6.51	6.36	5.98	7.22	6.49	9.04	13.96	11.90	9.50	6.52	5.62	5.48	5.18	6.46	7.46	6.80	10.07	9.99
Number of days of payables	days	60.54	57.58	56.08	57.40	61.01	50.57	56.21	40.39	26.15	30.68	38.43	56.02	64.97	66.59	70.40	56.47	48.91	53.67	36.25	36.55

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.03
= 60.54

The number of days of payables for Synaptics Incorporated exhibits notable fluctuations over the analyzed period. Starting from approximately 36.55 days at the end of September 2020, the metric experienced an upward trend, reaching a peak of around 70.40 days by December 2021. This increase suggests that the company was taking longer to settle its accounts payable obligations during this period, potentially indicating periods of strategic extension of payment terms or changes in payment policies.

Between December 2021 and September 2022, the days of payables declined from 70.40 days to approximately 56.02 days, signaling a reduction in the average length of time payable. This decrease might reflect efforts to hasten payments, improve cash flow management, or renegotiation of payment terms.

However, the trend shifted again post-September 2022, with the days of payables decreasing further to around 38.43 days at the end of December 2022 and subsequently falling to approximately 30.68 days by March 2023. This period indicates a significant shortening in the average payable period, potentially signifying a move towards more prompt settlement of obligations.

Following March 2023, the figure rose slightly to about 40.39 days in September 2023 and then increased further to roughly 56.21 days by the end of December 2023. In the subsequent quarters, the payable period fluctuated modestly, reaching around 50.57 days in March 2024, peaking at approximately 61.01 days in June 2024, and stabilizing around 57.40 days in September 2024. The measure continued to remain around 57 days in early 2025.

Overall, the data indicates a pattern of cyclical adjustments in Synaptics' accounts payable practices, with periods of extending payables possibly linked to strategic financing choices or supplier negotiations, followed by phases of shortening payables which could suggest efforts to improve liquidity or align with operational policies. The variability in the number of days of payables reflects the company's dynamic approach to managing its obligations relative to cash flow and vendor relationships over time.