Synnex Corporation (SNX)
Gross profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,981,310 | 3,956,830 | 3,900,200 | 1,889,530 | 1,193,860 |
| Revenue | US$ in thousands | 58,452,400 | 57,555,400 | 62,343,800 | 31,614,200 | 19,977,200 |
| Gross profit margin | 6.81% | 6.87% | 6.26% | 5.98% | 5.98% |
November 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,981,310K ÷ $58,452,400K
= 6.81%
Synnex Corporation's gross profit margin has shown a gradual improvement over the years based on the provided data. In November 2020 and 2021, the gross profit margin remained stable at 5.98%. However, from November 2022 to November 2024, the margin saw an upward trend, increasing from 6.26% to 6.81%. This improvement indicates that Synnex may be effectively managing its production costs and pricing strategies to generate a higher margin on its sales revenue. Overall, the rising trend in gross profit margin suggests an enhanced efficiency in the company's operations and potentially a positive outlook for its profitability.
Peer comparison
Nov 30, 2024