Synnex Corporation (SNX)
Return on assets (ROA)
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 689,091 | 626,911 | 651,307 | 395,069 | 529,160 |
| Total assets | US$ in thousands | 30,274,500 | 29,412,800 | 29,734,000 | 27,666,400 | 13,468,600 |
| ROA | 2.28% | 2.13% | 2.19% | 1.43% | 3.93% |
November 30, 2024 calculation
ROA = Net income ÷ Total assets
= $689,091K ÷ $30,274,500K
= 2.28%
Synnex Corporation's return on assets (ROA) has shown some fluctuations over the past five years. The ROA was 3.93% as of November 30, 2020, indicating that the company generated $3.93 in net income for every $100 of assets. However, there was a decline in ROA to 1.43% by November 30, 2021. This suggests that the company's profitability relative to its assets decreased significantly.
In the following years, Synnex Corporation's ROA slightly improved to 2.19% by November 30, 2022, and then decreased marginally to 2.13% by November 30, 2023. The most recent data as of November 30, 2024, shows a slight increase in ROA to 2.28%.
Overall, the trend in Synnex Corporation's ROA indicates some fluctuations but generally suggests that the company has been able to generate a moderate return on its assets over the past five years. It is important for the company to continue monitoring and improving its ROA to ensure efficient utilization of its assets and sustainable profitability.
Peer comparison
Nov 30, 2024