Concentrix Corporation (CNXC)
Inventory turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,170,010 | 4,536,770 | 4,067,210 | 3,617,530 | 3,058,010 |
| Inventory | US$ in thousands | — | 221,151 | — | — | — |
| Inventory turnover | — | 20.51 | — | — | — |
November 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,170,010K ÷ $—K
= —
The inventory turnover ratio for Concentrix Corporation shows a significant improvement over the years, indicating efficient management of inventory. As of November 30, 2023, the inventory turnover ratio stood at 20.51, highlighting that the company turned over its inventory approximately 20.51 times during the year. This is a positive sign as a higher turnover ratio generally suggests that the company is selling its products quickly and effectively. However, the absence of data for other years makes it challenging to analyze the trend over time. It would be beneficial to monitor this ratio consistently to assess the company's inventory management performance in the long run.
Peer comparison
Nov 30, 2024