Synnex Corporation (SNX)

Pretax margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	866,035	789,508	827,130	466,485	630,769
Revenue	US$ in thousands	58,452,400	57,555,400	62,343,800	31,614,200	19,977,200
Pretax margin		1.48%	1.37%	1.33%	1.48%	3.16%

November 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $866,035K ÷ $58,452,400K
= 1.48%

Synnex Corporation's pretax margin has exhibited fluctuating trends over the past five years. As of November 30, 2020, the pretax margin stood at 3.16%, showcasing a relatively healthy level of profitability. However, in the subsequent years, there was a gradual decline in the pretax margin, with figures dropping to 1.48% by November 30, 2021, and further decreasing to 1.33% by November 30, 2022.

Although there was a slight improvement in the pretax margin to 1.37% by November 30, 2023, the figure remained relatively low compared to the initial benchmark in 2020. By November 30, 2024, the pretax margin reverted back to 1.48%, aligning with the level observed in 2021.

These fluctuations in the pretax margin indicate varying levels of efficiency in managing operating expenses and generating profits before taxes. It is important for Synnex Corporation to assess the factors contributing to this volatility and implement strategies to enhance profitability and sustainable growth in the future.