Synnex Corporation (SNX)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,059,380 | 853,923 | 1,173,650 | 1,030,950 | 1,033,780 | 1,250,870 | 539,285 | 522,604 | 350,810 | 521,514 | 510,207 | 993,973 | 4,050,360 | 1,656,870 | 1,443,750 | 1,412,020 | 1,452,270 | 1,112,560 | 296,193 | 225,529 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 14,935 | 17,222 | 6,690 | — | — | — | — | — | — | 152,656 | — | — | — | — |
| 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 |
| Total current liabilities | US$ in thousands | 17,221,200 | 15,990,400 | 14,703,100 | 15,254,900 | 16,738,800 | 15,532,000 | 15,790,600 | 16,428,700 | 15,930,900 | 14,659,700 | 15,207,000 | 14,233,500 | 4,007,390 | 4,270,330 | 3,968,310 | 5,630,090 | 5,632,150 | 5,229,300 | 4,227,150 | 4,607,120 |
| Quick ratio | 0.66 | 0.68 | 0.68 | 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 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,059,380K
+ $—K
+ $10,341,600K)
÷ $17,221,200K
= 0.66
The quick ratio of Synnex Corporation, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited some fluctuations over the analyzed period.
In November 2019, the quick ratio stood at 0.90, indicating that the company had $0.90 in liquid assets available to cover each dollar of its current liabilities. The ratio slightly decreased to 0.85 by February 2020 and further declined to 0.83 by May 2020. Despite these decreases, the company's liquidity position improved to 0.89 by August 2020 and notably increased to 0.97 by November 2020.
Throughout the subsequent quarters, the quick ratio remained relatively stable around the range of 0.96 to 0.65, with minor fluctuations recorded. Notably, in August 2021, the ratio saw a significant spike to 1.57, indicating a substantial increase in the company's ability to meet its short-term obligations using its liquid assets.
However, in the following periods, the quick ratio experienced a downward trend, reaching a low point of 0.53 in August 2022, implying a potential strain on the company's liquidity position. The ratio slightly recovered in the subsequent quarters but remained below the levels seen in the earlier periods.
Overall, the analysis of Synnex Corporation's quick ratio suggests that the company has experienced fluctuations in its liquidity position over the analyzed period, with notable spikes and declines observed. Management should continue to monitor the quick ratio closely to ensure the company maintains sufficient liquidity to meet its short-term obligations effectively.
Peer comparison
Nov 30, 2024