Concentrix Corporation (CNXC)
Inventory turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,316,490 | 6,530,900 | 6,361,370 | 5,877,290 | 5,212,250 | 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 | 3,512,513 | 3,347,764 | 3,181,808 | 3,058,009 | 2,970,188 | 2,953,774 |
| Inventory | US$ in thousands | — | — | — | — | — | 221,151 | — | — | — | — | 0 | — | 0 | — | — | 83,010 | — | — | 3,754 | — |
| Inventory turnover | — | — | — | — | — | 20.51 | — | — | — | — | — | — | — | — | — | 40.33 | — | — | 791.21 | — |
February 28, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,316,490K ÷ $—K
= —
Concentrix Corporation's inventory turnover ratio for the period ending November 30, 2023, is 20.51. This indicates that the company's inventory was sold and replaced approximately 20.51 times during the year. A high inventory turnover ratio suggests efficient inventory management and indicates that the company is selling goods quickly, minimizing holding costs and potential obsolescence. However, it is important to note that the absence of data for other periods makes it difficult to assess the trend in inventory turnover over time or compare it with industry benchmarks. Monitoring inventory turnover regularly can help evaluate the efficiency of the company's operations and inventory management practices.
Peer comparison
Feb 28, 2025
Feb 28, 2025