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TD Synnex (TD Synnex) EBIT : $1,080 Mil (TTM As of Feb. 2024)


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What is TD Synnex EBIT?

TD Synnex's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $300 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $1,080 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TD Synnex's annualized ROC % for the quarter that ended in Feb. 2024 was 8.20%. TD Synnex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 43.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TD Synnex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 8.31%.


TD Synnex EBIT Historical Data

The historical data trend for TD Synnex's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TD Synnex EBIT Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 547.51 515.17 624.32 1,049.71 1,077.83

TD Synnex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 298.01 248.72 237.86 293.24 299.69

Competitive Comparison of TD Synnex's EBIT

For the Electronics & Computer Distribution subindustry, TD Synnex's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TD Synnex's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TD Synnex's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TD Synnex's EV-to-EBIT falls into.



TD Synnex EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,080 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TD Synnex  (NYSE:SNX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TD Synnex's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=1336.884 * ( 1 - 23.09% )/( (12623.861 + 12440.89)/ 2 )
=1028.1974844/12532.3755
=8.20 %

where

Invested Capital(Q: Nov. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=29412.814 - 15755.177 - ( 1033.776 - max(0, 16738.762 - 20084.436+1033.776))
=12623.861

Invested Capital(Q: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=27800.029 - 14328.193 - ( 1030.946 - max(0, 15254.932 - 18580.706+1030.946))
=12440.89

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

TD Synnex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1198.752/( ( (450.024 + max(2331.149, 0)) + (459.093 + max(2306.657, 0)) )/ 2 )
=1198.752/( ( 2781.173 + 2765.75 )/ 2 )
=1198.752/2773.4615
=43.22 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10297.814 + 7146.274 + 642.238) - (15755.177 + 0 + 0)
=2331.149

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8902.803 + 7091.146 + 640.901) - (14328.193 + 0 + 1.8189894035459E-12)
=2306.657

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

TD Synnex's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=1079.508/12990.431
=8.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TD Synnex EBIT Related Terms

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TD Synnex (TD Synnex) Business Description

Traded in Other Exchanges
Address
44201 Nobel Drive, Fremont, CA, USA, 94538
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.
Executives
Michael Urban officer: President, Worldwide Distrib. 44201 NOBEL DRIVE, FREMONT CA 94538
Dennis Polk director, officer: Chief Operating Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Fred A Breidenbach director
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Peer Developments Ltd 10 percent owner 4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Silver Star Developments Ltd 10 percent owner NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000
Matthew Miau director 44201 NOBEL DRIVE, FREMONT CA 94538
Claude J Pumilia director 6363 S FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Kathleen M Crusco director C/O CALIX, INC., 1035 N. MCDOWELL BLVD, PETALUMA CA 94954
Marshall Witt officer: Chief Financial Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Ap Ix Tiger Co-invest (ml) Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Holdings Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Tiger Parent Holdings Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Co-invest (ml), L.p. 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Richard T Hume director, officer: Chief Executive Officer 5350 TECH DATA DRIVE, CLEARWATER FL 33760