Synnex Corporation (SNX)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	3,981,305	3,958,945	3,969,170	3,999,193	4,053,143	3,950,593	3,935,109	3,900,200	3,783,649	3,180,241	2,553,627	1,889,533	1,313,021	1,297,879	1,243,320	1,193,858	-118,920	309,590	733,442	1,157,258
Revenue (ttm)	US$ in thousands	58,452,500	57,015,200	56,291,100	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
Gross profit margin		6.81%	6.94%	7.05%	6.96%	6.78%	6.51%	6.35%	6.26%	6.13%	6.17%	6.06%	5.98%	5.94%	5.84%	5.97%	5.98%	-0.58%	1.46%	3.27%	4.91%

November 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,981,305K ÷ $58,452,500K
= 6.81%

Synnex Corporation's gross profit margin has shown fluctuations over the past several periods. The margin declined from 4.91% in November 2019 to -0.58% in August 2020, indicating a period of low profitability. However, there was a notable recovery as the margin improved to 6.17% by May 2022.

Subsequently, there were minor fluctuations, with the margin ranging between 5.84% and 6.26% until November 2023. The company experienced a significant increase in gross profit margin to 6.78% by November 2023, continuing to rise to 7.05% by May 2024.

Despite this positive trend, there was a slight decrease in the gross profit margin to 6.81% by November 2024. Overall, Synnex Corporation has demonstrated an upward trend in its gross profit margin in recent periods, with some fluctuations along the way. This indicates an improvement in the company's ability to generate profits from its core business operations.