Synnex Corporation (SNX)

Pretax margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	789,508	827,130	466,485	630,769	611,825
Revenue	US$ in thousands	57,555,400	62,343,800	31,614,200	19,977,200	19,070,000
Pretax margin		1.37%	1.33%	1.48%	3.16%	3.21%

November 30, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $789,508K ÷ $57,555,400K
= 1.37%

The pretax margin of TD Synnex Corp has displayed a downward trend over the past five years, declining from 2.85% in 2019 to 1.37% in 2023. This indicates a decrease in the company's ability to generate profits before accounting for taxes and other expenses. The declining pretax margin may suggest challenges in controlling operating costs or pressure on pricing, which could impact overall profitability. Further analysis of the company's cost structure and operational efficiency may be necessary to understand the factors driving this trend.