Synnex Corporation, a business process services company, provides services in distribution, contract assembly, and global business services. The company operates in two segments, Distribution Services and Global Business Services (GBS). The Distribution Services segment distributes computer systems, peripherals, system components, software, networking equipment, and complementary products to various customers, such as value-added resellers, system integrators, and retailers, as well as provides assembly services to original equipment manufacturers (OEMs), including integrated supply chain management, build-to-order and configure-to-order system configurations, materials management, and logistics.

The GBS segment offers various services comprising customer management, software development, web hosting, hosted software, domain name registration, and back office processing. This segment delivers its services through voice, chat, Web, email, and digital print. It also sells products complementary to these service offerings in China. In addition, Synnex Corporation offers various financial services, including net terms, third party leasing and floor plan financing, letters of credit, and arrangements to collect payments directly from the end-user; online services; and marketing services, as well as technical support services consisting of pre and post-sales support.

Company Growth (employees)
Type
Public
HQ
Fremont, US
Founded
1980
Size (employees)
105,500 (est)
Synnex was founded in 1980 and is headquartered in Fremont, US

Key People at Synnex

Kevin Murai

Kevin Murai

President and Chief Executive Officer
Marshall Witt

Marshall Witt

Chief Financial Officer
Dennis Polk

Dennis Polk

Chief Operating Officer
Christopher Caldwell

Christopher Caldwell

Executive Vice President; President, Concentrix Corporation
Peter Larocque

Peter Larocque

President, North American Technology Solutions
Simon Leung

Simon Leung

Senior Vice President; General Counsel; Corporate Secretary

Synnex Office Locations

Synnex has offices in Fremont, Monroe Township, Chantilly, Grove City and in 6 other locations
Fremont, US (HQ)
44201 Nobel Dr
Beaverton, US
6505 Sw 110th Ave
Fremont, US
5553 Auto Mall Pkwy
Carson, US
21950 Arnold Center Rd
Chino, US
15065 Flight Ave
Richardson, US
100 660 N Dorothy Dr
Bolingbrook, US
1180 Remington Blvd
Olive Branch, US
10381 Stateline Rd
Grove City, US
A 4001 Gantz Rd
Chantilly, US
M 3900 Stonecroft Blvd
Monroe Township, US
Docks Corner Rd

Synnex Data and Metrics

Synnex Financial Metrics

Synnex's revenue was reported to be $14.1 b in FY, 2016 which is a 5% increase from the previous period.
USD

Revenue (FY, 2016)

14.1 b

Revenue growth (FY, 2015 - FY, 2016), %

5%

Gross profit (FY, 2016)

14 b

Gross profit margin (FY, 2016), %

100%

Net income (FY, 2016)

235 m

EBIT (FY, 2016)

379.6 m

Market capitalization (28-Jun-2017)

4.8 b

Closing share price (28-Jun-2017)

121.1

Cash (30-Nov-2016)

380.7 m

EV

5.1 b
Synnex's current market capitalization is $4.8 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

13.8 b13.3 b14.1 b

Revenue growth, %

28%(4%)5%

Cost of goods sold

12.7 b12.1 m12.8 m

Gross profit

1.1 b13.3 b14 b

Gross profit Margin, %

8%100%100%

EBIT

3.1 b354.6 m379.6 m

EBIT margin, %

22%3%3%

Pre tax profit

284.3 m327.2 m356.1 m

Net Income

180.2 m208.6 m235 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

151.6 m180.1 m336.1 m380.7 m

Accounts Receivable

1.6 b2.1 b1.8 b1.8 b

Inventories

1.1 b1.4 b1.3 b1.7 b

Current Assets

2.9 b3.9 b3.6 b4 b

PP&E

133.2 m200.8 m248.6 m312.7 m

Goodwill

188.5 m314.2 m298.8 m486.2 m

Total Assets

3.3 b4.7 b4.4 b5.2 b

Accounts Payable

1.4 b1.6 b1.4 b1.7 b

Total Debt

65.4 m264.2 m638.8 m603.2 m

Current Liabilities

1.8 b2.7 b1.9 b2.5 b

Additional Paid-in Capital

286.3 m384.6 m411.7 m440.7 m

Retained Earnings

1.1 b1.3 b1.5 b1.7 b

Total Equity

1.4 b1.7 b1.8 b2 b

Debt to Equity Ratio

0 x0.2 x0.4 x0.3 x

Debt to Assets Ratio

0 x0.1 x0.1 x0.1 x

Financial Leverage

2.4 x2.8 x2.5 x2.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

152.3 m180.2 m208.6 m235 m

Accounts Receivable

(187.5 m)(527.9 m)292.9 m

Inventories

(155.2 m)(330.2 m)40.1 m(410.2 m)

Accounts Payable

186.2 m205.1 m(26 m)

Cash From Operating Activities

35.7 m(234.8 m)643.6 m327 m

Purchases of PP&E

(29 m)(57.4 m)(100.1 m)(123.2 m)

Cash From Investing Activities

(43.8 m)(441.7 m)(116.1 m)(451.9 m)

Dividends Paid

(4.9 m)(22.6 m)(33.7 m)

Cash From Financing Activities

(8.4 m)701.9 m(355.1 m)180.2 m

Interest Paid

8.4 m15.4 m16.3 m17.8 m

Income Taxes Paid

88.3 m87.2 m141 m102 m
USDY, 2016

EV/EBIT

13.3 x

EV/CFO

15.5 x

Revenue/Employee

155.8 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.6 x

Synnex Operating Metrics

FY, 2016

Products

30 k

Resellers

20 k

Synnex Market Value History

Synnex Revenue Breakdown

Synnex Median Salaries

Source: 32 public H-1B filings from Synnex

Synnex Online and Social Media Presence

Synnex Company Life and Culture

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