Synnex Corporation (SNX)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	30,274,500	29,412,800	29,734,000	27,666,400	13,468,600
Operating ROA		3.94%	3.67%	3.53%	2.25%	3.87%

November 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $1,194,210K ÷ $30,274,500K
= 3.94%

Based on the data provided for Synnex Corporation's operating Return on Assets (Operating ROA) over the five-year period from November 30, 2020, to November 30, 2024, we observe the following trends:

1. In November 2020, the operating ROA stood at 3.87%. This indicates that for every dollar of assets the company owns, it generated a profit of $0.0387 from its operations during that period.

2. The operating ROA experienced a decline in the subsequent year, dropping to 2.25% by November 2021. This suggests a decrease in the company's ability to generate profits from its assets during that year.

3. There was a noticeable recovery in operating ROA in November 2022, where it increased to 3.53%. This improvement reflects a better utilization of the company's assets to generate operating profits.

4. The trend continued to improve in November 2023, with the operating ROA rising to 3.67%. This demonstrates a further enhancement in the company's operational efficiency and profitability relative to its asset base.

5. By November 2024, Synnex Corporation's operating ROA reached 3.94%, indicating that the company effectively leveraged its assets to generate profits from its core operations.

Overall, the analysis of Synnex Corporation's operating ROA reveals fluctuations over the five-year period, with periods of decline followed by recovery and improvement. The increasing trend in recent years suggests enhanced operational efficiency and effectiveness in utilizing the company's assets to generate profits.