Concentrix Corporation (CNXC)

To analyze Concentrix Corp.'s number of days of payables, we can observe a trend in the data over the past five years. The number of days of payables indicates the average number of days it takes for the company to pay its suppliers after a purchase is made.

From 2019 to 2023, we can observe fluctuations in the number of days of payables. In 2019, the company took an average of 16.09 days to pay its suppliers, which increased to 19.50 days in 2020. However, in 2021, there was a noticeable improvement as the number of days of payables decreased to 13.05 days.

Subsequently, in 2022, there was a slight increase to 14.47 days, while in 2023, it further rose to 19.60 days, indicating a trend of the company taking longer to pay its suppliers in the most recent year.

This trend suggests that Concentrix Corp. may be experiencing challenges in managing its payables effectively or negotiating favorable credit terms with its suppliers. A longer period of payables might provide short-term financial flexibility, but it could also strain relationships with suppliers in the long run. Further analysis of the company's cash flow and working capital management would be necessary to gain a comprehensive understanding of the impact of the number of days of payables on its financial performance.

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Nov 30, 2023