Synnex Corporation (SNX)

Liquidity ratios

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
Current ratio 1.22 1.20 1.23 1.26 1.25 1.25 1.26 1.25 1.25 2.40 1.70 1.71 1.56 1.52 1.52 1.64 1.62 1.57 1.57 1.66
Quick ratio 0.65 0.68 0.65 0.63 0.61 0.53 0.57 0.61 0.65 1.57 0.96 0.96 0.97 0.89 0.83 0.85 0.90 0.81 0.84 0.88
Cash ratio 0.07 0.06 0.08 0.04 0.03 0.02 0.04 0.03 0.07 1.01 0.39 0.36 0.28 0.26 0.21 0.07 0.05 0.06 0.06 0.06

The liquidity ratios of Synnex Corporation, as depicted in the provided table, show the company's ability to meet its short-term obligations and operational needs.

- The current ratio, which measures the company's ability to cover its short-term liabilities with current assets, has fluctuated over the periods but generally remained above 1. This indicates that Synnex Corporation has generally had sufficient current assets to cover its current liabilities.

- The quick ratio, also known as the acid-test ratio, provides a more conservative measure of liquidity by excluding inventory from current assets. The trend for the quick ratio also fluctuates but generally indicates that Synnex Corporation may have faced challenges in meeting its short-term obligations without relying on inventory.

- The cash ratio, which measures the company's ability to cover its current liabilities with its cash and cash equivalents, shows a similar fluctuating trend. The ratios are quite low, suggesting that Synnex Corporation may have a limited ability to cover its short-term obligations solely with cash on hand.

Overall, while the current ratio of Synnex Corporation generally indicates a healthy liquidity position, the quick ratio and cash ratio suggest potential challenges in meeting short-term obligations without relying on inventory or having sufficient cash reserves. Investors and stakeholders may want to monitor these ratios closely to ensure the company can maintain its liquidity position in the future.

Additional liquidity measure

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
Cash conversion cycle days 20.49 22.27 21.17 26.01 24.41 23.02 24.75 35.89 29.73 30.54 26.00 31.29 49.99 53.82 49.77 55.63 48.52 47.70 53.54 61.84

The cash conversion cycle of Synnex Corporation has fluctuated over the past few periods. From February 2019 to February 2024, the company's cash conversion cycle ranged from a low of 20.49 days to a high of 61.84 days.

A decreasing cash conversion cycle indicates that the company is managing its working capital more efficiently. In contrast, an increasing cycle suggests potential concerns with managing inventory, accounts receivable, or accounts payable.

Synnex Corporation has experienced some variability in its cash conversion cycle, with the cycle fluctuating between 20.49 days and 61.84 days. This variation may be influenced by factors such as changes in sales volumes, inventory management practices, or payment terms with suppliers and customers.

Overall, it is important for the company to monitor and manage its cash conversion cycle effectively to ensure optimal use of its resources and liquidity. By analyzing trends in the cycle over time, Synnex Corporation can identify areas for improvement in working capital management and strive for more consistent and efficient operations.