Synnex Corporation (SNX)

Return on assets (ROA)

		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	Aug 31, 2019	May 31, 2019	Feb 28, 2019
Net income (ttm)	US$ in thousands	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	439,913	383,721	362,990
Total assets	US$ in thousands	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	11,426,300	11,276,000	10,761,300
ROA		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%	3.85%	3.40%	3.37%

February 29, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $665,952K ÷ $27,800,000K
= 2.40%

Synnex Corporation's return on assets (ROA) has exhibited varying trends over the past few periods. In general, the company's ROA has shown consistency in a relatively narrow range, with the most recent ROA for Feb 29, 2024, standing at 2.40%.

The ROA was relatively stable from Nov 30, 2019, to May 31, 2021, maintaining levels between 3.37% and 6.50%. However, there was a noticeable decline in ROA in the subsequent periods, reaching a low of 1.43% on Feb 28, 2022.

Since then, Synnex has shown a modest improvement in ROA, with the latest figure of 2.40% suggesting a potential return to stability in the company's asset management efficiency. It is important for investors to continue monitoring Synnex's ROA in future periods to assess the company's ability to generate profits from its assets effectively.