Concentrix Corporation (CNXC)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,316,490K ÷ $—K
= —
Concentrix Corporation's payables turnover has shown fluctuations over the recorded periods. The turnover ratio has ranged from a low of 18.63 to a high of 38.65. This ratio indicates the efficiency at which the company pays its suppliers. The increasing trend from November 2021 to August 2023, with occasional fluctuations, suggests improvements in managing payables.
However, there was a significant decline in payables turnover from August 2023 to November 2023 but subsequent increase in February 2024. It is important for Concentrix Corporation to closely monitor this ratio to ensure optimal management of their payables, thereby maintaining good relationships with suppliers and optimizing working capital management.
Peer comparison
Feb 28, 2025