Synnex Corporation (SNX)

Operating 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
Operating income (ttm)	US$ in thousands	1,194,211	1,156,153	1,093,507	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
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
Operating profit margin		2.04%	2.03%	1.94%	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%

November 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,194,211K ÷ $58,452,500K
= 2.04%

Synnex Corporation's operating profit margin has shown fluctuations over the analyzed period. The margin started at 2.20% as of November 30, 2019, before decreasing to 1.45% by August 31, 2020. However, it then began a moderate upward trend, reaching 2.89% by August 31, 2021. From there, the margin experienced some variability but generally stayed around 2% until August 31, 2024, where it improved slightly to 2.03%.

Overall, Synnex Corporation's operating profit margin has demonstrated some volatility but managed to maintain levels above 1.5% in the latter part of the period. It is crucial for the company to monitor and manage its operating expenses effectively to sustain and potentially improve its profitability in the future.