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Synopsys Inc   (SNPS)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Synopsys Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the first quarter 2024, Synopsys Inc 's inventory turnover ratio sequentially decreased to 4.06 in the first quarter 2024, unsurprisingly, as the Synopsys Inc markets continue to deteriorate, and SNPS's faces growing challenges to bring down its inventories. Synopsys Inc 's average inventory processing period in the Jan 31 2024 quarter, has increased to 90 days, from 81 days, in the Oct 31 2023 quarter.

Within Technology sector 71 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2024, to 377, from total ranking in the forth quarter 2023 at 849.

SNPS Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Synopsys Inc Market Share?

What is Inventory Turnover Ratio?


SNPS Inventory Turnover Ratio (Jan 31 2024)
I. Quarter
(Oct 31 2023)
IV. Quarter
(Jul 31 2023)
III. Quarter
(Apr 30 2023)
II. Quarter
(Jan 31 2023)
I. Quarter
Y / Y Inventory Growth 73.27 % 53.63 % 28.7 % 20.09 % 3.74 %
Y / Y Cost of Sales Growth 15.7 % 17.65 % 13.21 % 17.88 % 10.65 %
Inventory Turnover Ratio (TTM) 4.06 4.5 4.82 5 5.04
SNPS's Total Ranking # 377 # 849 # 840 # 840 # 840
Average inventory processing period 90 81 76 73 72
Seq. Inventory Growth 17.55 % 15.13 % 10.28 % 16.09 % 4.23 %
Seq. Cost of Sales Growth -1.09 % 8.35 % 3.02 % 4.8 % 0.58 %



Inventory Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 9
Technology Sector # 72
Overall Market # 377

Inventory Turnover Ratio Statistics
High Average Low
5.23 4.58 3.7
(Jul 31 2019)   (Oct 31 2021)




Financial Statements
Synopsys Inc 's Inventories $ 383 Millions Visit SNPS's Balance sheet
Synopsys Inc 's Cost of Revenues TTM $ 1,267 Millions Visit SNPS's Income Statement
What are SNPS's Sales? Visit SNPS's Sales by Segment

Other Inventory Turnover Ratios
Synopsys Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
SNPS's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for SNPS's Competitors
Inventory Turnover Ratio for SNPS's Suppliers
Inventory Turnover Ratio for SNPS's Customers

You may also want to know
SNPS's Sales Growth Rates SNPS's Pe Price to earnings ratio SNPS's Receivables Turnover Ratio SNPS's Stock Quote
SNPS's Net Income Growth Rates SNPS's Ps Price to Sales ratio SNPS's Sales per Employee SNPS's Asset Turnover Ratio
SNPS's Net Margin SNPS's Pb Price to Book ratio SNPS's Financial Strength Ratios SNPS's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jan 31 2024, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jan 31 2024 Inventories at quarter ending Jan 31 2024
Csp inc  8.28 $ 41.480  Millions$ 5  Millions
Matterport Inc   7.79 $ 87.000  Millions$ 11  Millions
Pixelworks Inc  7.67 $ 33.968  Millions$ 4  Millions
Arlo Technologies Inc   7.54 $ 323.000  Millions$ 43  Millions
Enphase Energy Inc   7.00 $ 1,232.000  Millions$ 176  Millions
Broadcom Inc   6.79 $ 12,804.000  Millions$ 1,887  Millions
Netlist Inc  6.58 $ 66.000  Millions$ 10  Millions
Oblong Inc   6.22 $ 2.488  Millions$ 0  Millions
Cisco Systems Inc   5.99 $ 20,479.000  Millions$ 3,417  Millions
Rekor Systems Inc   5.89 $ 16.499  Millions$ 3  Millions
Hp inc   5.88 $ 41,488.000  Millions$ 7,052  Millions
Ribbon Communications inc   5.62 $ 418.000  Millions$ 74  Millions
Premier Inc   5.49 $ 431.227  Millions$ 78  Millions
Nortech Systems Incorporated  5.42 $ 116.000  Millions$ 21  Millions
Magnachip Semiconductor Corporation  5.40 $ 178.411  Millions$ 33  Millions
Itron Inc   5.34 $ 1,459.000  Millions$ 273  Millions
Jabil Inc  5.33 $ 30,555.000  Millions$ 5,733  Millions
Sanmina Corporation  5.24 $ 7,743.578  Millions$ 1,478  Millions
Inseego Corp   5.22 $ 143.000  Millions$ 27  Millions
Omnicell inc   5.22 $ 650.000  Millions$ 124  Millions
Motorola Solutions inc   5.15 $ 5,008.000  Millions$ 972  Millions
Shoals Technologies Group Inc   5.00 $ 320.000  Millions$ 64  Millions
Onespan Inc   5.00 $ 77.000  Millions$ 15  Millions
Gopro Inc   4.95 $ 681.886  Millions$ 138  Millions
Fabrinet  4.93 $ 2,378.287  Millions$ 482  Millions
Akoustis Technologies Inc   4.92 $ 32.932  Millions$ 7  Millions
Vertiv Holdings Co  4.92 $ 4,462.700  Millions$ 907  Millions
Seagate Technology Holdings Plc  4.80 $ 5,337.000  Millions$ 1,111  Millions
Cantaloupe Inc   4.80 $ 154.491  Millions$ 32  Millions
Faro Technologies Inc   4.62 $ 193.000  Millions$ 42  Millions

Date modified: 2024-02-24T16:59:14+00:00



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