Synnex Corporation (SNX)

Operating profit margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Operating income	US$ in thousands	1,194,210	1,078,030	1,050,870	623,218	521,341
Revenue	US$ in thousands	58,452,400	57,555,400	62,343,800	31,614,200	19,977,200
Operating profit margin		2.04%	1.87%	1.69%	1.97%	2.61%

November 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,194,210K ÷ $58,452,400K
= 2.04%

The operating profit margin of Synnex Corporation has shown fluctuating trends over the past five years. In November 2020, the operating profit margin was reported at 2.61%, indicating that the company was generating 2.61 cents of operating profit for every dollar in revenue. However, the margin decreased to 1.97% by November 2021, signaling a decrease in efficiency in converting sales into profit.

By November 2022, the operating profit margin further declined to 1.69%, highlighting potential challenges in controlling operating expenses or pricing pressures impacting profitability. The margin slightly improved to 1.87% in November 2023, suggesting some efforts to address the decline in profitability.

In the most recent period as of November 2024, the operating profit margin of Synnex Corporation increased to 2.04%, potentially reflecting improved cost management or revenue growth strategies. Overall, the fluctuating operating profit margin of the company over the five-year period indicates the need for continuous monitoring and management of operating costs and revenue generation to sustain and enhance profitability.