Synaptics Incorporated (SYNA)

Receivables turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	1,074,300	1,038,900	1,009,600	979,400	959,400	939,300	1,028,600	1,144,700	1,355,100	1,604,200	1,747,700	1,815,100	1,739,700	1,591,100	1,446,800	1,383,900	1,339,600	1,289,400	1,291,700	1,322,400
Receivables	US$ in thousands	130,300	132,000	146,500	135,800	143,600	145,900	127,800	119,400	165,200	219,400	256,300	285,500	323,300	298,300	312,200	228,300	228,300	233,700	249,300	227,800
Receivables turnover		8.24	7.87	6.89	7.21	6.68	6.44	8.05	9.59	8.20	7.31	6.82	6.36	5.38	5.33	4.63	6.06	5.87	5.52	5.18	5.81

June 30, 2025 calculation

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

The receivables turnover ratio for Synaptics Incorporated reflects a trend of increasing efficiency in collecting accounts receivable over the analyzed period. Starting at 5.81 times as of September 30, 2020, the ratio exhibited some fluctuations but generally demonstrated upward momentum, reaching a peak of 9.59 times by September 30, 2023. This indicates that the company was able to collect its receivables more frequently within a year, suggesting improvements in credit policies, collections processes, or a shift toward more cash-convertible sales.

Notably, the ratio experienced a decline from the peak in September 2023 to 8.05 times at the end of 2023, followed by a further drop to 6.44 in March 2024. However, there was a subsequent recovery, with the ratio rising again to 7.21 in September 2024 and further advancing to 8.24 by June 2025. These movements point to periods of variability but overall depict an ongoing enhancement in receivables management.

The observed increase from the early period to the mid-2023 peak warrants positive interpretation, implying improved collection efficiency and potentially healthier cash flows. The subsequent fluctuations may reflect seasonal factors, changes in credit terms, or external economic conditions affecting customer payments. Nonetheless, the overall trajectory suggests an upward trend in receivables turnover, which is indicative of better working capital management and an ability to convert receivables into cash more rapidly over time.