AI assistant
SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION — Interim / Quarterly Report 2014
Jun 25, 2014
52019_rns_2014-06-25_ea4c683a-dbc2-4a9f-ba47-b3721d37a50f.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
==> picture [276 x 540] intentionally omitted <==
Q1 2014 Results SYNNEX TECH. INTL. CORP.
May, 2014
==> picture [158 x 18] intentionally omitted <==
Disclaimer
==> picture [605 x 4] intentionally omitted <==
IMPORTANT NOTICE
Synnex’s statements of its current expectations provided herein are forward-looking. These statements are subject to risks and uncertainties that might cause significant deviations from actual results, including but not limited to changes in business policy, possible fluctuations in economic situations, technology development, competition environment, and other circumstances beyond control. Synnex undertakes no obligation to update the forward-looking statements to reflect events or circumstances after the issuance of the statements.
Nothing contained herein constitutes an investment advice, offer or solicitation for the purchase or sale of any financial instrument. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, Synnex makes no representation that it is accurate or complete. Neither Synnex nor any of its officers or employees shall be liable for any direct, indirect or consequential loss, damage, cost or expense incurred or arising from any use of the information contained herein.
P2
Synnex Group
==> picture [605 x 4] intentionally omitted <==
Worldwide Footprint
US$7B (Y1403 YTM)
| OperatingHistory & Current Position.... |
|
|---|---|
| Taiwan 1975 No.1 USA 1992 No.3 HK / China 1997 No.2 Australia 1998 No.1 (New Zealand) Thailand 1999 No.1 India 2005 No.1 Middle East / Africa 2005 No.1 Turkey 2010 No.1 Japan 2010 No.3 Indonesia 2011 No.1 |
Across 30 countries, 200 offices, 60% world population
P3
Y14Q1 Financial Summary
==> picture [605 x 4] intentionally omitted <==
| NT$M | ||||||||
|---|---|---|---|---|---|---|---|---|
| ~~Y14Q1~~ | ~~Y13Q1~~ | ~~YoY (%)~~ | ||||||
| Revenue | $ | 78,151 |
$ | 73,637 |
6% | |||
| Grossprofit | 2,606 | 2,381 | 9% | |||||
| Operating expense | (1,717) | (1,764) | -3% | |||||
| Operating income | 888 | 617 | 44% | |||||
| Others income/expense | 293 | 536 | -45% | |||||
| Pre-tax income | 1,181 | 1,152 | 3% | |||||
| Net income | 994 | 993 | 0% | |||||
| EPS(NT$) | 0.63 | 0.63 | ||||||
| ~~Gross profit%~~ | ~~3.3%~~ | ~~3.2%~~ | ||||||
| ~~Operating expense%~~ | ~~2.2%~~ | ~~2.4%~~ | ||||||
| ~~Operating income%~~ | ~~1.1%~~ | ~~0.8%~~ | ||||||
| ~~Others income/expense%~~ | ~~0.4%~~ | ~~0.7%~~ | ||||||
| ~~Pre-tax income%~~ | ~~1.5%~~ | ~~1.6%~~ | ||||||
| ~~Net income%~~ | ~~1.3%~~ | ~~1.3%~~ | ||||||
P4
Quarterly & Yearly Earning Trend
==> picture [605 x 4] intentionally omitted <==
| ~~Y12Q1~~ | ~~Y12Q2~~ | ~~Y12Q3~~ | ~~Y12Q4~~ | ~~Y13Q1~~ | ~~Y13Q2~~ | ~~Y13Q3~~ | ~~Y13Q4~~ | ~~Y14Q1~~ | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| ~~Margin Analysis(%)~~ | |||||||||||
| Grossprofit | 4.2% | 4.0% | 3.6% | 3.1% | 3.2% | 3.7% | 3.3% | 3.2% | 3.3% | ||
| Operating expense | 2.1% | 2.4% | 2.2% | 2.2% | 2.4% | 2.3% | 2.0% | 2.0% | 2.2% | ||
| Operating income | 2.0% | 1.6% | 1.4% | 0.9% | 0.8% | 1.3% | 1.3% | 1.2% | 1.2% | ||
| Pre-tax income(PBT) | 2.8% | 2.2% | 2.0% | 1.9% | 1.6% | 2.5% | 1.9% | 1.8% | 1.5% | ||
| Net income(PAT) | 2.3% | 1.7% | 1.7% | 1.7% | 1.3% | 2.0% | 1.6% | 1.5% | 1.3% | ||
| EPS(NT$) | 1.07 | 0.82 | 0.89 | 0.88 | 0.63 | 0.97 | 0.88 | 0.84 | 0.63 | ||
| ~~2008~~ | ~~2009~~ | ~~2010~~ | ~~2011~~ | ~~2012~~ | ~~2013~~ | ||||||
| ~~Margin Analysis(%)~~ | |||||||||||
| Grossprofit | 4.3% | 4.1% | 3.6% | 3.8% | 3.7% | 3.3% | |||||
| Operating expense | 3.0% | 2.4% | 2.0% | 2.2% | 2.2% | 2.2% | |||||
| Operating income | 1.3% | 1.6% | 1.6% | 1.6% | 1.5% | 1.2% | |||||
| Pre-tax income(PBT) | 2.0% | 2.6% | 2.4% | 2.7% | 2.2% | 1.9% | |||||
| Net income(PAT) | 1.7% | 2.2% | 2.0% | 2.3% | 1.9% | 1.6% | |||||
| EPS(NT$) | 2.73 | 3.64 | 3.68 | 4.67 | 3.66 | 3.32 | |||||
| ROE | 12% | 16% | 16% | 19% | 14% | 13% |
P5
Balance Sheet Ke Index y
==> picture [605 x 4] intentionally omitted <==
NT$ B
==> picture [619 x 364] intentionally omitted <==
----- Start of picture text -----
Assets Liabilities & Equity
130.0
130.0
12.0
111.9
111.9
43.0
13.8
44.0
39.0
Cash Int. Bearing
39.4 Debt
AR 31.3 AP
19.9
37.7 Inventories Other Debt
9.9
9.1
28.6
LT Investments Equity
11.0
FA & Others
10.3
43.9 45.8
25.3
19.8
Y13Q1 Y14Q1 Y13Q1 Y14Q1
Y13Q1 Y14Q1
Debit Ratio 61% 65%
Net Int. bearing Debt / Equity 57% 68%
Net Worth Per Share (NT$) 27.2 28.4
----- End of picture text -----
P6