Synnex Corporation (SNX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	8,035,430	8,164,080	7,956,460	8,102,180	8,183,180	8,367,750	8,148,590	8,025,510	7,771,650	7,981,660	8,021,860	7,905,980	2,338,290	2,255,670	2,129,300	4,338,860	4,093,580	3,834,380	3,855,690	3,788,450
ROE		8.58%	8.35%	8.08%	8.22%	8.74%	8.08%	8.42%	8.12%	7.07%	6.21%	5.48%	5.00%	20.99%	23.52%	23.22%	12.20%	11.97%	12.48%	13.91%	13.22%

November 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $689,091K ÷ $8,035,430K
= 8.58%

Based on the provided data, Synnex Corporation's return on equity (ROE) has shown fluctuations over the specified periods.

The ROE for Synnex Corporation was relatively stable around the range of 11% to 13% from November 2019 to November 2021, indicating that the company was generating decent returns for its shareholders during this period.

There was a significant increase in ROE in the following periods, with the ratio climbing to around 23% by February 2021 and maintaining at a level around 20% until May 2021. This surge in ROE suggests that the company experienced improved profitability and efficiency in utilizing shareholder equity during these quarters.

However, the ROE dropped significantly to 5% by November 2021, indicating a decline in the company's ability to generate profits from the shareholders' equity. The ratio gradually increased over the subsequent periods, reaching around 8% by November 2024.

Overall, Synnex Corporation's ROE has exhibited variability, with periods of both strong and weak performance in terms of generating returns for shareholders. Investors and analysts may need to closely monitor the company's financial performance and efficiency in utilizing equity to assess its future profitability and value creation for shareholders.