Synnex Corporation (SNX)

Net 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
Net income (ttm)	US$ in thousands	689,091	681,831	642,537	665,952	715,055	676,348	686,003	651,307	549,517	495,387	439,572	395,070	490,781	530,540	494,398	529,160	490,009	478,677	536,190	500,712
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
Net profit margin		1.18%	1.20%	1.14%	1.16%	1.20%	1.11%	1.11%	1.04%	0.89%	0.96%	1.04%	1.25%	2.22%	2.39%	2.37%	2.65%	2.40%	2.25%	2.39%	2.12%

November 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $689,091K ÷ $58,452,500K
= 1.18%

The net profit margin of Synnex Corporation has exhibited fluctuations over the given time period. Starting at 2.12% in November 2019, the net profit margin increased to a peak of 2.65% in November 2020, before experiencing a gradual decline to 1.04% in February 2022. There was a slight recovery to 1.24% in November 2022, followed by fluctuations between 1.04% and 1.20% until November 2024, where it stood at 1.18%.

The downward trend from the peak in November 2020 may indicate challenges in maintaining profitability or increased costs relative to revenue. The subsequent volatility suggests potential internal or external factors impacting the company's ability to generate and retain profits. Overall, the varying net profit margin figures highlight the importance of closely monitoring Synnex Corporation's financial performance and implementing strategies to sustain or improve profitability in the future.