Synaptics Incorporated (SYNA)

Receivables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,074,300	959,400	1,355,100	1,739,700	1,339,600
Receivables	US$ in thousands	130,300	143,600	165,200	323,300	228,300
Receivables turnover		8.24	6.68	8.20	5.38	5.87

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,074,300K ÷ $130,300K
= 8.24

The receivables turnover ratio for Synaptics Incorporated has exhibited notable fluctuations over the observed period from June 30, 2021, to June 30, 2025. In the fiscal year ending June 30, 2021, the ratio stood at 5.87, indicating that on average, receivables were collected approximately 5.87 times within that year. This figure decreased to 5.38 in 2022, suggesting a slight elongation in the collection period or a decline in collection efficiency.

A significant improvement is observed in the fiscal year ending June 30, 2023, where the receivables turnover sharply increased to 8.20. This increase signifies a more efficient collection process, with receivables being converted into cash approximately 8.20 times during that year. However, the subsequent year, ending June 30, 2024, shows a declination to 6.68, indicating a modest slowdown in receivables collection efficiency.

By June 30, 2025, the ratio has risen again to 8.24, nearly returning to the levels observed in 2023. This upward movement suggests an improvement in the company's ability to collect receivables promptly.

Overall, the trend demonstrates periods of volatility, with a notable peak in 2023 and 2025 that reflect enhanced receivables management. The fluctuations could be attributable to various operational factors, such as changes in credit policies, customer payment behaviors, or strategic adjustments in credit sales. The increased ratios in recent years imply a focus on improving cash flow and collection efficiency, which are vital for maintaining liquidity and operational stability.