Synnex Corporation (SNX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 8,035,430 | 8,183,180 | 8,025,510 | 7,905,980 | 4,338,860 |
| ROE | 8.58% | 7.66% | 8.12% | 5.00% | 12.20% |
November 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $689,091K ÷ $8,035,430K
= 8.58%
The return on equity (ROE) of Synnex Corporation has shown fluctuations over the past five years. In November 2020, the ROE was reported at 12.20%, indicating that for every dollar of shareholder equity, the company generated a return of 12.20%. However, by November 2021, the ROE had decreased to 5.00%, signifying a decline in profitability and efficiency in utilizing shareholder funds.
Subsequently, there was a slight improvement in the ROE to 8.12% in November 2022, but it remained below the initial level in 2020. The ROE further decreased to 7.66% in November 2023, suggesting ongoing challenges in maximizing returns for shareholders.
Fortunately, there was a modest recovery in the following year, with the ROE increasing to 8.58% in November 2024. This improvement indicates that the company may be making progress in effectively leveraging shareholder equity to generate profits.
Overall, Synnex Corporation's ROE trend reflects a mix of performance fluctuations and potential areas for improvement in profitability and efficiency. Monitoring the ROE over time can provide valuable insights into the company's ability to generate returns for its shareholders.
Peer comparison
Nov 30, 2024