Synnex Corporation (SNX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 689,091 | 681,831 | 642,537 | 665,952 | 715,055 | 676,348 | 686,003 | 651,307 | 549,517 | 495,387 | 439,572 | 395,070 | 490,781 | 530,540 | 494,398 | 529,160 | 490,009 | 478,677 | 536,190 | 500,712 |
| 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 |
| ROA | 2.28% | 2.33% | 2.32% | 2.40% | 2.43% | 2.37% | 2.35% | 2.19% | 1.89% | 1.77% | 1.53% | 1.43% | 4.67% | 6.50% | 1.79% | 3.93% | 3.69% | 3.79% | 4.57% | 4.28% |
November 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $689,091K ÷ $30,274,500K
= 2.28%
The return on assets (ROA) of Synnex Corporation has fluctuated over the past several years.
From November 30, 2019, to May 31, 2020, the ROA remained relatively stable around 4%, indicating that the company was generating approximately 4 cents of profit for every dollar of assets it owned. However, there was a slight decrease in the ROA by August 31, 2020, and November 30, 2020, to 3.69% and 3.93% respectively.
The ROA experienced a significant drop to 1.79% by February 28, 2021, but then rebounded to 6.50% by May 31, 2021, reflecting a notable improvement in profitability relative to its assets. Subsequently, the ROA decreased to 4.67% by August 31, 2021, and further declined to 1.43% by November 30, 2021.
From February 28, 2022, to November 30, 2024, the ROA generally saw a gradual increase, fluctuating within a narrow range between 1.53% and 2.43%. The most recent data as of November 30, 2024, shows an ROA of 2.28%, indicating that the company is generating slightly more profit per dollar of assets than in previous periods.
Overall, the trend in Synnex Corporation's ROA suggests some variability in the efficiency of generating profit from its assets over the periods analyzed. Investors and stakeholders may want to closely monitor future ROA trends to assess the company's performance and financial health.
Peer comparison
Nov 30, 2024