Synnex Corporation (SNX)

Net 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
Net income (ttm)	US$ in thousands	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	439,913	383,721	362,990
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
Net profit margin		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%	1.94%	1.79%	1.75%

February 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $665,952K ÷ $57,468,600K
= 1.16%

The net profit margin of Synnex Corporation has shown fluctuating trends over the past few quarters. The margin has ranged from 0.89% to 2.65% during the period covered by the data. In recent quarters, the net profit margin has been on a downward trend, decreasing from 2.65% in February 2021 to 1.16% in February 2024. This indicates that the company's profitability relative to its revenue has been declining.

A lower net profit margin could be a result of various factors such as increasing costs, pricing pressures, or inefficiencies in operations. Investors and analysts may be concerned about the company's ability to generate profits given the downward trend in the net profit margin. It would be important for the company to closely monitor and address the factors impacting its profitability to ensure sustainable financial performance in the future.