Concentrix Corporation (CNXC)

Days of sales outstanding (DSO)

		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
Receivables turnover		4.09	3.77	4.73	4.64	4.65	4.55	4.54	4.55	4.36	4.63
DSO	days	89.28	96.90	77.17	78.62	78.49	80.25	80.42	80.22	83.80	78.92

February 29, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.09
= 89.28

Concentrix Corporation's Days Sales Outstanding (DSO) has shown some fluctuation over the past few reporting periods. The DSO figures have ranged from a low of 77.17 days in August 31, 2023, to a high of 96.90 days in November 30, 2023. This indicates that, on average, it takes the company approximately 77 to 96 days to collect its accounts receivable.

Overall, the trend in DSO does not show a consistent pattern of improvement or deterioration over the periods analyzed. However, a higher DSO may suggest that the company is taking longer to collect payments from its customers, potentially impacting its cash flow and liquidity position. It would be prudent for management to closely monitor and manage the collection process to ensure timely receipts and efficient working capital management.