Synaptics Incorporated (SYNA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 894,300 | 872,400 | 962,300 | 1,082,700 | 1,299,300 | 1,559,400 | 1,709,700 | 1,780,700 | 1,705,000 | 1,548,600 | 1,408,800 | 1,350,000 | 1,311,600 | 1,386,300 | 1,388,600 | 1,419,300 | 1,430,800 | 1,330,700 | 1,336,600 | 1,373,800 |
| Receivables | US$ in thousands | 142,400 | 144,700 | 126,600 | 111,200 | 163,900 | 218,200 | 255,000 | 284,100 | 322,100 | 298,300 | 312,200 | 269,700 | 228,300 | 233,700 | 249,300 | 227,800 | 195,300 | 238,400 | 246,400 | 232,200 |
| Receivables turnover | 6.28 | 6.03 | 7.60 | 9.74 | 7.93 | 7.15 | 6.70 | 6.27 | 5.29 | 5.19 | 4.51 | 5.01 | 5.75 | 5.93 | 5.57 | 6.23 | 7.33 | 5.58 | 5.42 | 5.92 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $894,300K ÷ $142,400K
= 6.28
The receivables turnover for Synaptics Incorporated has shown fluctuations over the past several quarters. The ratio measures how efficiently the company is able to convert its accounts receivable into cash during a specific period.
Looking at the trend, we observe that the receivables turnover ratio has generally been above 5, indicating that Synaptics has been effective in collecting outstanding receivables. The highest turnover was observed in December 2023 at 7.60, suggesting that the company was able to collect its receivables more frequently during that period.
However, there have been fluctuations in the ratio, with some quarters showing higher turnover rates compared to others. For example, the ratio dropped to 4.51 in December 2021 but has since shown an increasing trend until March 2024.
Overall, Synaptics has shown a reasonably consistent ability to convert its receivables into cash, with some variability in performance across different quarters. Monitoring this metric can provide insights into the company's effectiveness in managing its accounts receivable and its overall liquidity position.
Peer comparison
Jun 30, 2024