Synnex Corporation (SNX)

Return on assets (ROA)

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Net income	US$ in thousands	626,911	651,307	395,069	529,160	500,712
Total assets	US$ in thousands	29,412,800	29,734,000	27,666,400	13,468,600	11,698,000
ROA		2.13%	2.19%	1.43%	3.93%	4.28%

November 30, 2023 calculation

ROA = Net income ÷ Total assets
= $626,911K ÷ $29,412,800K
= 2.13%

TD Synnex Corp's return on assets (ROA) has experienced fluctuations over the past five years, indicating varying efficiency in utilizing its assets to generate profits. In 2023, the ROA stands at 2.13%, a slight decrease from the previous year's 2.19%. This downtrend in ROA suggests a decline in the company's ability to generate earnings from its assets. Comparing to 2021, when the ROA was 1.43%, there has been an improvement, but it is still lower than the levels seen in 2020 (3.89%) and 2019 (4.24%).

The downward trend in ROA may signal challenges in effectively managing assets to generate profits, calling for a closer examination of the company's operational efficiency, asset utilization, and profitability. It is important for stakeholders to monitor this trend closely to understand the underlying factors driving the changes in ROA and assess the company's ability to generate returns from its assets in the future.