Synaptics Incorporated (SYNA)

Working capital 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
Total current assets	US$ in thousands	751,900	1,162,300	1,272,000	1,403,400	1,179,700
Total current liabilities	US$ in thousands	270,900	277,200	260,100	463,400	786,700
Working capital turnover		2.23	1.08	1.34	1.85	3.41

June 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,074,300K ÷ ($751,900K – $270,900K)
= 2.23

The working capital turnover ratio of Synaptics Incorporated has exhibited notable fluctuations over the specified period from June 30, 2021, to June 30, 2025. Starting at a ratio of 3.41 in 2021, there was a significant decline to 1.85 in 2022 and further decreasing to 1.34 in 2023. This downward trend continued through 2024, reaching a low of 1.08, indicating a reduced efficiency in utilizing working capital to generate sales or revenue during this timeframe. However, in the most recent year, 2025, the ratio increased to 2.23, suggesting a partial recovery in working capital efficiency. These variations could reflect changes in operational efficiency, sales activity, or working capital management strategies, with a notable deterioration followed by a modest improvement in the latest period.