Synnex Corporation (SNX)
Net profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 689,091 | 626,911 | 651,307 | 395,069 | 529,160 |
| Revenue | US$ in thousands | 58,452,400 | 57,555,400 | 62,343,800 | 31,614,200 | 19,977,200 |
| Net profit margin | 1.18% | 1.09% | 1.04% | 1.25% | 2.65% |
November 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $689,091K ÷ $58,452,400K
= 1.18%
Based on the provided data on Synnex Corporation's net profit margin over the last five years, there has been a decline in the company's profitability.
In November 2020, the net profit margin was 2.65%, which decreased to 1.25% by November 2021. This significant drop suggests a notable decrease in the company's ability to convert sales into profit.
The net profit margin continued to decrease in the subsequent years, reaching 1.04% in November 2022, slightly improving to 1.09% in November 2023, and then further increasing to 1.18% as of November 2024.
A declining trend in net profit margin could indicate challenges such as increasing costs relative to revenue, pricing pressures, or inefficiencies in operations that are impacting the company's profitability. Management may need to focus on improving operational efficiency and cost management to enhance profitability in the future.
Peer comparison
Nov 30, 2024