Concentrix Corporation (CNXC)

Short-term

Turnover ratios

Inventory turnover: The data for inventory turnover is missing for most of the periods, indicating that specific information on the frequency with which Concentrix sells and replaces its inventory is not available for those dates.

Receivables turnover: Concentrix's receivables turnover ratio has been relatively stable over the periods, with an average of approximately 4.44. This suggests that the company collects its accounts receivable approximately 4 to 5 times a year, indicating efficient management of its credit sales and collection processes.

Payables turnover: The payables turnover ratio for Concentrix has shown some fluctuation but generally remains at a high level, averaging around 27.62. This indicates that the company pays its suppliers approximately 27 to 35 times a year. A high payables turnover ratio may suggest that Concentrix is paying its suppliers promptly, benefiting from any available discounts, and effectively managing its trade payables.

Working capital turnover: The working capital turnover ratio for Concentrix varies significantly from period to period, ranging from 2.46 to 10.16, with an average of approximately 8.42. This indicates the company's efficiency in generating revenue relative to the working capital employed. A higher ratio suggests that Concentrix is efficiently utilizing its working capital to generate sales.

In conclusion, while the data on inventory turnover is unavailable, Concentrix appears to efficiently manage its receivables, payables, and working capital based on the turnover ratios analyzed. However, further analysis and comparison with industry standards would provide a more comprehensive understanding of Concentrix's activity ratios.

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Average number of days

Days of inventory on hand (DOH) for Concentrix Corporation is not available for most of the periods provided, indicating a lack of information on how efficiently the company manages its inventory.

Days of sales outstanding (DSO) show an average collection period of around 80 days, with some fluctuations ranging from a low of 77.17 days to a high of 96.90 days. This suggests that Concentrix takes approximately 80 days on average to collect its accounts receivable, with slight variations in collection efficiency over the periods analyzed.

The number of days of payables reveals that Concentrix takes around 14 days to pay its suppliers on average, with fluctuations between approximately 10 to 19 days. This indicates that the company has been somewhat efficient in managing its payables, although there has been some variability in the payment period over the periods provided.

Overall, Concentrix Corporation's activity ratios suggest that the company may have room for improvement in managing its inventory efficiently, but it has been relatively consistent in collecting accounts receivable and managing payables within a reasonable timeframe.

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Long-term

Concentrix Corporation's long-term activity ratios show the efficiency at which the company utilizes its fixed assets and total assets to generate revenue. The fixed asset turnover ratio has been consistently high, indicating that the company generates a significant amount of revenue per dollar invested in fixed assets. This demonstrates the effectiveness of Concentrix in utilizing its long-term assets to drive sales.

On the other hand, the total asset turnover ratio fluctuates over time, with a general declining trend. This suggests that the company's overall efficiency in generating sales from all its assets has been weakening. A lower total asset turnover ratio could indicate inefficiencies in the utilization of both short-term and long-term assets to generate revenue.

In summary, Concentrix Corporation's long-term activity ratios suggest a strong performance in terms of utilizing fixed assets efficiently to drive revenue, while the trend in total asset turnover highlights a need for the company to improve its overall asset utilization efficiency to maintain or increase revenue generation.