Synnex Corporation (SNX)

Receivables turnover

		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	Aug 31, 2019	May 31, 2019	Feb 28, 2019
Revenue (ttm)	US$ in thousands	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	22,664,770	21,412,120	20,685,810
Receivables	US$ in thousands	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	3,452,980	3,457,110	3,167,300
Receivables turnover		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	6.56	6.19	6.53

February 29, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $57,468,600K ÷ $8,902,800K
= 6.46

The receivables turnover ratio for Synnex Corporation has shown fluctuation over the past few periods. The ratio indicates the company's efficiency in collecting outstanding receivables from customers during a specific period.

From February 2019 to February 2020, the company maintained a relatively stable receivables turnover ratio, ranging between 6.00 and 6.82. However, starting from May 2020, there was an increase in the ratio, peaking at 7.61 in August 2022, indicating improved efficiency in collecting receivables.

Subsequently, the ratio decreased to 4.83 in February 2023, before showing an upward trend again. This fluctuation may indicate changes in the company's credit policies, customer payment behavior, or overall economic conditions affecting receivables collection.

Overall, the average receivables turnover ratio for Synnex Corporation over the analyzed periods is 6.63. It is essential for the company to continue monitoring this ratio to ensure timely collection of receivables, effectively managing liquidity and operating efficiency.