Synnex Corporation (SNX)

Net profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Net income	US$ in thousands	626,911	651,307	395,069	529,160	500,712
Revenue	US$ in thousands	57,555,400	62,343,800	31,614,200	19,977,200	19,070,000
Net profit margin		1.09%	1.04%	1.25%	2.65%	2.63%

November 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $626,911K ÷ $57,555,400K
= 1.09%

The net profit margin of TD Synnex Corp has experienced some fluctuations over the past five years. In 2019 and 2020, the company achieved relatively higher net profit margins of 2.09% and 2.12% respectively, indicating strong profitability. However, in 2021 and 2022, the net profit margin declined to 1.25% and 1.04% respectively, suggesting a decrease in profitability. The trend continued into 2023, with a net profit margin of 1.09%. This decline in profitability may be attributed to various factors such as changes in revenue, cost management, and operational efficiency. It is essential for the company to closely monitor and address the factors affecting its profitability to ensure sustained financial performance.