Concentrix Corporation (CNXC)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	5,027,740	4,536,760	4,176,210	4,149,820	4,124,520	4,067,198	3,967,088	3,870,248	3,748,217	3,617,527
Inventory	US$ in thousands	—	221,151	—	—	—	—	0	—	—	—	—	83,010	—
Inventory turnover		—	20.51	—	—	—	—	—	—	—	—

February 29, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,027,740K ÷ $—K
= —

The inventory turnover ratio for Concentrix Corporation was 20.51 as of November 30, 2023. This indicates that the company sold and replaced its inventory approximately 20.51 times during the fiscal year. A high inventory turnover ratio generally signifies efficient inventory management, as it suggests that inventory is being sold quickly, reducing the risk of obsolete or obsolete inventory. However, without data for other periods, it is challenging to evaluate the trend in inventory turnover over time. It would be beneficial to compare this ratio with industry benchmarks or the company's historical data to gain a better understanding of Concentrix Corporation's inventory management efficiency.