Synaptics Incorporated (SYNA)

Payables 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
Payables	US$ in thousands	87,500	45,800	141,800	97,600	60,600
Payables turnover		8.40	18.38	7.10	9.24	16.13

June 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $735,000K ÷ $87,500K
= 8.40

The payables turnover of Synaptics Incorporated has fluctuated over the past five years. The ratio was 8.40 in June 2024, which indicates that the company's payables turnover has decreased compared to the previous year. This could suggest that Synaptics is taking longer to pay its suppliers in 2024.

In June 2023, the payables turnover was significantly higher at 18.38, indicating that the company was paying its suppliers more frequently compared to June 2024.

The payables turnover was 7.10 in June 2022, which was lower than the previous year, suggesting a longer payment period to suppliers.

In June 2021, the payables turnover was 9.24, indicating an improvement in the speed at which Synaptics paid its suppliers compared to the previous year.

Lastly, in June 2020, the payables turnover was relatively high at 16.13, indicating that Synaptics was paying its suppliers at a faster rate compared to June 2021.

Overall, fluctuations in the payables turnover ratio for Synaptics Incorporated suggest varying trends in the company's payment practices towards its suppliers over the past five years.