Synnex Corporation (SNX)

Operating 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
Operating income (ttm)	US$ in thousands	1,127,721	1,159,311	1,114,091	1,126,595	1,050,873	902,076	808,746	703,910	623,218	638,232	622,401	562,644	521,341	294,918	371,400	457,911	519,429	746,368	651,356	600,703
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
Operating profit margin		1.96%	1.94%	1.84%	1.82%	1.69%	1.46%	1.57%	1.67%	1.97%	2.89%	2.80%	2.70%	2.61%	1.45%	1.75%	2.04%	2.20%	3.29%	3.04%	2.90%

February 29, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,127,721K ÷ $57,468,600K
= 1.96%

Synnex Corporation's operating profit margin has fluctuated over the past few periods, ranging from 1.46% to 3.29%. The operating profit margin indicates the percentage of revenue that remains as profit after deducting operating expenses.

The trend of Synnex's operating profit margin shows a general decline from the peak of 3.29% in May 2019 to the low of 1.46% in November 2022. This downward trend could suggest challenges in controlling operating expenses relative to revenue generation during those periods.

It is noteworthy that the operating profit margin experienced an improvement in the most recent period, reaching 1.96% as of February 2024. This increase from the previous period may indicate that Synnex has made efforts to enhance operational efficiency or increase sales revenue.

Overall, Synnex Corporation's operating profit margin has exhibited variability, indicating the company's ability to efficiently manage costs and generate profits from its operations. Continued monitoring of this ratio will be essential to assess the company's financial performance and sustainability in the future.