Synnex Corporation (SNX)

Receivables turnover

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Revenue	US$ in thousands	58,452,400	57,555,400	62,343,800	31,614,200	19,977,200
Receivables	US$ in thousands	10,341,600	10,297,800	9,421,000	8,310,030	3,870,790
Receivables turnover		5.65	5.59	6.62	3.80	5.16

November 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $58,452,400K ÷ $10,341,600K
= 5.65

The receivables turnover ratio for Synnex Corporation has fluctuated over the past five years. In November 2020, the ratio was 5.16, indicating that the company collected its accounts receivable approximately 5.16 times during that year. However, by November 2021, the ratio had decreased to 3.80, suggesting a slower turnover of receivables.

In the following years, there was an improvement in the receivables turnover performance. In November 2022, the ratio increased to 6.62, showing that Synnex Corporation was collecting its receivables more efficiently than in the previous year. Although the ratio slightly declined to 5.59 in November 2023, it remained relatively high, indicating a healthy receivables turnover.

By November 2024, the receivables turnover ratio had increased again to 5.65, signaling that the company was managing its accounts receivable effectively. Overall, the trend in receivables turnover for Synnex Corporation has shown variability but generally reflects a decent ability to convert receivables into cash over the past five years.