Synnex Corporation (SNX)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	58,452,500	57,015,200	56,291,100	57,468,600	59,741,300	60,690,100	61,999,300	62,343,900	61,707,200	51,558,160	42,145,180	31,614,190	22,121,730	22,221,030	20,835,140	19,977,150	20,391,740	21,244,640	22,452,530	23,576,000
Receivables	US$ in thousands	10,341,600	10,032,400	8,852,520	8,902,800	10,297,800	8,892,130	9,357,060	9,421,000	8,114,000	7,851,540	8,732,020	8,310,030	2,229,640	2,451,880	2,381,060	3,870,790	3,580,970	3,215,370	3,294,220	3,926,710
Receivables turnover		5.65	5.68	6.36	6.46	5.80	6.83	6.63	6.62	7.61	6.57	4.83	3.80	9.92	9.06	8.75	5.16	5.69	6.61	6.82	6.00

November 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $58,452,500K ÷ $10,341,600K
= 5.65

Synnex Corporation's receivables turnover has shown some fluctuations over the past few years, ranging from a low of 3.80 in November 30, 2021, to a high of 9.92 in August 31, 2021. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period.

A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly, which is generally a positive sign as it implies efficient management of accounts receivable. Conversely, a lower ratio may suggest that the company is struggling to collect payments from customers in a timely manner.

Synnex Corporation's receivables turnover has generally been within a moderate range, with values between 5.16 and 9.92. The most recent data shows a receivables turnover of 5.65 as of November 30, 2024. This indicates that the company is collecting its accounts receivable approximately 5.65 times during the period, which is somewhat lower compared to the ratio in previous periods.

Overall, it is important for Synnex Corporation to monitor its receivables turnover ratio consistently to ensure that it maintains an optimal balance between collecting receivables efficiently and maintaining good relationships with customers.