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Synnex EBIT

: $831 Mil (TTM As of Nov. 2020)
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Synnex's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2020 was $319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2020 was $831 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Synnex's annualized ROC % for the quarter that ended in Nov. 2020 was 13.07%. Synnex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2020 was 52.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Synnex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2020 was 13.96%.


Synnex EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Synnex Annual Data
Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 385.06 508.46 541.25 844.12 831.38

Synnex Quarterly Data
Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 278.89 191.04 113.19 208.57 318.58

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 Nov. 2020 was 191.035 (Feb. 2020 ) + 113.191 (May. 2020 ) + 208.568 (Aug. 2020 ) + 318.584 (Nov. 2020 ) = $831 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.

Synnex's annualized ROC % for the quarter that ended in Nov. 2020 is calculated as:

ROC % (Q: Nov. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2020 ) + Invested Capital (Q: Nov. 2020 ))/ count )
=1282.348 * ( 1 - 25.88% )/( (7591.269 + 6955.331)/ 2 )
=950.4763376/7273.3
=13.07 %

where

Invested Capital(Q: Aug. 2020 )
=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))
=13263.107 - 4219.565 - ( 1452.273 - max(0, 5632.148 - 8564.151+1452.273))
=7591.269

Invested Capital(Q: Nov. 2020 )
=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))
=13468.59 - 4948.587 - ( 1564.672 - max(0, 5630.092 - 8769.127+1564.672))
=6955.331

Note: The Operating Income data used here is four times the quarterly (Nov. 2020) data.

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

Synnex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2020  Q: Nov. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1274.336/( ( (583.951 + max(1902.567, 0)) + (609.294 + max(1733.077, 0)) )/ 2 )
=1274.336/( ( 2486.518 + 2342.371 )/ 2 )
=1274.336/2414.4445
=52.78 %

where Working Capital is:

Working Capital(Q: Aug. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3903.997 + 2832.607 + 375.274) - (4219.565 + 398.571 + 591.175)
=1902.567

Working Capital(Q: Nov. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4157.116 + 2684.53 + 362.809) - (4948.587 + 0 + 522.791)
=1733.077

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2020 )
=831.378/5954.689
=13.96 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Synnex EBIT Related Terms


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