Concentrix Corporation (CNXC)
Days of inventory on hand (DOH)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 20.51 | — | — | — | — | — | — | — | — | ||||
| DOH | days | — | 17.79 | — | — | — | — | — | — | — | — |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Concentrix Corporation has been showing some fluctuations over the recent quarters. As of Nov 30, 2023, the company had 17.79 days of inventory on hand, indicating that it takes approximately 17.79 days for Concentrix to sell its existing inventory. This represents an improvement compared to the previous periods where specific data was not available.
A lower DOH value generally suggests that the company is managing its inventory more efficiently and could potentially lead to reduced carrying costs and lower levels of obsolete inventory. Conversely, a higher DOH value may indicate overstocking or difficulties in selling inventory promptly.
To get a more comprehensive understanding of Concentrix's inventory management performance, it would be beneficial to analyze the trend over a longer period and compare it with industry benchmarks to assess how the company is faring relative to its peers in terms of inventory turnover and efficiency.
Peer comparison
Feb 29, 2024