Synnex Corporation (SNX)

Days of inventory on hand (DOH)

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Inventory turnover		6.57	6.91	7.37	7.54	7.79	7.60	6.93	6.45	5.94	5.74	5.02	4.47	7.26	7.79	7.66	7.00	10.32	8.17	7.81	7.03
DOH	days	55.53	52.80	49.52	48.41	46.84	48.00	52.63	56.62	61.47	63.63	72.68	81.57	50.28	46.83	47.63	52.16	35.37	44.66	46.73	51.90

November 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.57
= 55.53

The Days of Inventory on Hand (DOH) for Synnex Corporation has shown a fluctuating trend over the reported periods. The metric decreased from 51.90 days as of November 30, 2019, to 35.37 days as of August 31, 2020, indicating a significant improvement in managing inventory levels. However, the DOH increased to 81.57 days as of November 30, 2021, suggesting a potential buildup of inventory.

Subsequently, the DOH decreased gradually from the peak to 48.00 days as of August 31, 2023, which may have been a result of inventory management strategies or changes in demand dynamics. The metric remained relatively stable around 46-52 days from November 30, 2023, to May 31, 2024, implying consistent inventory control efforts.

Overall, it is crucial for Synnex Corporation to monitor and optimize its inventory levels effectively to ensure efficient working capital management and avoid potential issues such as obsolescence or excess carrying costs. Continued evaluation of market demand and supply chain efficiency will be essential in maintaining an optimal balance of inventory on hand.