Synnex Corporation (SNX)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 30,274,500 | 29,207,500 | 27,715,800 | 27,800,000 | 29,412,800 | 28,504,600 | 29,235,200 | 29,734,000 | 29,092,100 | 28,057,800 | 28,722,700 | 27,666,400 | 10,507,000 | 8,159,900 | 27,666,400 | 13,468,600 | 13,263,100 | 12,639,200 | 11,727,100 | 11,698,000 |
| Operating ROA | 3.94% | 3.96% | 3.95% | 4.06% | 3.94% | 3.91% | 3.85% | 3.53% | 3.10% | 2.88% | 2.45% | 2.25% | 6.07% | 7.63% | 2.03% | 3.87% | 2.22% | 2.94% | 3.90% | 4.44% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,194,211K ÷ $30,274,500K
= 3.94%
Synnex Corporation's operating return on assets (operating ROA) has shown fluctuations over the period. From November 2019 to November 2024, the operating ROA varied between 2.03% to 7.63%. The trend indicates some instability in the company's ability to generate operating income from its assets efficiently.
The highest operating ROA of 7.63% was recorded in May 2021, suggesting a period of strong performance in utilizing assets to generate operating profits. However, this was followed by a decline to 2.03% in February 2021, which indicated a significant drop in operating efficiency.
The operating ROA improved again in the following periods, reaching 4.06% in February 2024. However, the ratio remained relatively stable around the 3-4% range in the later periods, indicating a moderate level of operating efficiency.
Overall, Synnex Corporation's operating ROA has displayed a mixed performance over the period under review, with fluctuations that may warrant further analysis to identify the underlying factors driving the changes in operating efficiency and profitability.
Peer comparison
Nov 30, 2024