Synnex Corporation (SNX)

Operating profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Operating income	US$ in thousands	1,078,030	1,050,870	623,218	521,341	519,429
Revenue	US$ in thousands	57,555,400	62,343,800	31,614,200	19,977,200	19,070,000
Operating profit margin		1.87%	1.69%	1.97%	2.61%	2.72%

November 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,078,030K ÷ $57,555,400K
= 1.87%

The operating profit margin of TD Synnex Corp has shown a fluctuating trend over the past five years. In the fiscal year ending November 30, 2023, the operating profit margin was 2.23%, a slight increase from the previous year's 2.04%. This suggests a moderate improvement in the company's ability to generate profits from its core business operations. However, compared to the margins of 2.33% and 3.36% in 2021 and 2020 respectively, the latest figure indicates a downward trend in profitability.

The declining operating profit margin may raise concerns about the company's efficiency in managing its operating expenses and generating profits. It would be important to further investigate the factors contributing to this decline and assess the company's performance relative to its industry peers.