Synaptics Incorporated (SYNA)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 894,100 | 1,297,900 | 1,714,400 | 1,312,600 | 1,417,300 |
| Receivables | US$ in thousands | 142,400 | 163,900 | 322,100 | 228,300 | 195,300 |
| Receivables turnover | 6.28 | 7.92 | 5.32 | 5.75 | 7.26 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $894,100K ÷ $142,400K
= 6.28
The receivables turnover for Synaptics Incorporated has fluctuated over the past five years. In Jun 2024, it was 6.28, a decrease from the previous year's 7.92. This indicates that the company collected its accounts receivable approximately 6.28 times during the year.
Comparing it to the performance in Jun 2022 and Jun 2021, which were 5.32 and 5.75, respectively, the company improved its efficiency in collecting receivables. However, the turnover rate was lower than in Jun 2020 when it was 7.26.
A high receivables turnover ratio generally indicates that the company is efficient in collecting payments from its customers. Conversely, a lower turnover ratio could suggest issues with collections or potentially an overly aggressive credit policy. Overall, monitoring the trend of the receivables turnover ratio can provide insights into the company's liquidity and effectiveness in managing its accounts receivable.
Peer comparison
Jun 30, 2024