Concentrix Corporation (CNXC)
Fixed asset turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,618,900 | 7,114,710 | 6,324,470 | 5,587,020 | 4,719,530 |
| Property, plant and equipment | US$ in thousands | — | — | 403,829 | 407,144 | 958,017 |
| Fixed asset turnover | — | — | 15.66 | 13.72 | 4.93 |
November 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,618,900K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. Concentrix Corporation's fixed asset turnover has shown significant improvement over the years. In November 2020, the fixed asset turnover ratio was 4.93, indicating that for every dollar invested in fixed assets, the company generated $4.93 in revenue.
By November 2024, the fixed asset turnover ratio had increased to 15.66, showcasing a substantial enhancement in efficiency in utilizing its fixed assets to generate revenue. However, it is worth noting that the data for November 2023 is missing, which limits the ability to analyze the trend in continuity.
Overall, the increasing trend in Concentrix Corporation's fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate revenue, indicating operational efficiency and potentially improved profitability.
Peer comparison
Nov 30, 2024