Synnex Corporation (SNX)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	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	2,757,488	2,461,615	2,192,305
Revenue (ttm)	US$ in thousands	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	22,664,770	21,412,120	20,685,810
Gross profit margin		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%	12.17%	11.50%	10.60%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,999,193K ÷ $57,468,600K
= 6.96%

Synnex Corporation's gross profit margin has shown a fluctuating trend over the past few quarters. The margin has ranged from a low of -0.58% in August 2020 to a high of 12.17% in February 2019. The most recent data points to a gross profit margin of 6.96% in February 2024, with a slight improvement from the previous quarter. However, it is important to note that the margin has been relatively stable around the 6% level in recent quarters.

Overall, while there have been fluctuations in the gross profit margin, Synnex Corporation has managed to maintain a reasonable level of profitability in relation to its cost of goods sold over the analyzed period. Monitoring the trend of the gross profit margin over time can provide valuable insights into the company's cost management and pricing strategies.