Synaptics Incorporated (SYNA)

Number of days of payables

		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
Payables turnover		8.66	10.44	9.43	13.10	19.48	15.92	12.68	8.65	7.48	7.39	6.91	8.23	8.95	8.23	11.25	11.33	14.76	10.79	11.43	10.73
Number of days of payables	days	42.13	34.95	38.69	27.87	18.74	22.93	28.79	42.19	48.79	49.38	52.84	44.38	40.79	44.32	32.43	32.21	24.72	33.82	31.94	34.02

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.66
= 42.13

The number of days of payables for Synaptics Incorporated have shown some fluctuations in recent periods. As of June 30, 2024, the number of days of payables stood at 42.13 days, indicating that, on average, the company takes approximately 42 days to pay its suppliers. This represents an increase from the prior quarter's figure of 34.95 days.

Looking at trends over the past few quarters, we can observe that payables days have been somewhat volatile, with periods of increase and decrease. The peak in payables days was observed in the first quarter of 2022 at 52.84 days, while the lowest point was in the second quarter of 2020 at 24.72 days.

Analyzing payables days can provide insights into how efficiently Synaptics manages its supplier relationships and cash flow. A longer period of payables days may indicate that the company is taking longer to settle its obligations to suppliers, potentially signaling liquidity issues or strained vendor relationships. On the other hand, a shorter period of payables days may suggest effective working capital management and strong cash flow.

It would be beneficial for stakeholders to closely monitor payables days along with other financial metrics to gain a comprehensive understanding of Synaptics' financial health and operational efficiency.