Synnex Corporation (SNX)

Working capital 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
Total current assets US$ in thousands 21,324,700 20,084,400 20,500,900 17,734,100 8,769,130
Total current liabilities US$ in thousands 17,221,200 16,738,800 16,428,700 14,233,500 5,630,090
Working capital turnover 14.24 17.20 15.31 9.03 6.36

November 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $58,452,400K ÷ ($21,324,700K – $17,221,200K)
= 14.24

Synnex Corporation's working capital turnover has shown a positive trend over the past five years. The ratio increased from 6.36 in November 2020 to 14.24 in November 2024, indicating that the company has been able to efficiently utilize its working capital to generate sales. This improvement suggests that Synnex has been managing its working capital more effectively, potentially through better inventory and receivables management. A higher working capital turnover ratio generally signifies better liquidity and operational efficiency. Synnex Corporation's ability to convert its working capital into sales at a faster rate reflects positively on its financial health and operational performance.