Synopsys (LTS:0LBP) Receivables Turnover : 1.88 (As of Oct. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Synopsys Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Synopsys's Revenue for the three months ended in Oct. 2024 was $1,636 Mil. Synopsys's average Accounts Receivable for the three months ended in Oct. 2024 was $870 Mil. Hence, Synopsys's Receivables Turnover for the three months ended in Oct. 2024 was 1.88.

Synopsys Receivables Turnover Historical Data

The historical data trend for Synopsys's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Synopsys Receivables Turnover Chart

Synopsys Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Receivables Turnover

Get a 7-Day Free Trial

5.74

6.36

7.57

6.84

6.57

Synopsys Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Receivables Turnover	Get a 7-Day Free Trial															2.50	1.65	1.53	1.86	1.88

Competitive Comparison of Synopsys's Receivables Turnover

For the Software - Infrastructure subindustry, Synopsys's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Synopsys's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Synopsys's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Synopsys's Receivables Turnover falls into.

Synopsys Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Synopsys's Receivables Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Receivables Turnover (A: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2024 )	/ (	(Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )
=	6127.436	/ (	(929.673	+	934.47)	/	2 )
=	6127.436	/	932.0715
=	6.57

Synopsys's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	1635.986	/ (	(805.198	+	934.47)	/	2 )
=	1635.986	/	869.834
=	1.88

Synopsys (LTS:0LBP) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Synopsys Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Synopsys's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Synopsys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synopsys Inc (LTS:0LBP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SNPS:USA SNPS:Mexico SYP:Germany S1NP34:Brazil

Address

675 Almanor Avenue, Sunnyvale, CA, USA, 94085

Website

https://www.synopsys.com

Synopsys is a provider of electronic design automation software and intellectual property products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Synopsys' comprehensive portfolio is benefiting from a convergence of semiconductor companies moving up the stack of technologies toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

Synopsys Headlines

No Headlines