Concentrix Corporation (CNXC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,588,370 | 9,618,900 | 9,401,640 | 8,647,060 | 7,881,050 | 7,114,700 | 6,524,660 | 6,471,430 | 6,424,820 | 6,324,470 | 6,150,360 | 5,968,010 | 5,769,790 | 5,587,020 | 5,421,270 | 5,187,710 | 4,884,190 | 4,719,530 | 4,631,510 | 4,628,750 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 28, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,588,370K ÷ $—K
= —
The receivables turnover for Concentrix Corporation has shown fluctuations over the periods analyzed. The turnover ratio ranged from a low of 3.77 to a high of 4.86. There was a gradual increase in the turnover ratio from November 30, 2023, to August 31, 2024, indicating an improvement in the efficiency of collecting receivables during that period. However, there was a slight decrease in the ratio by February 28, 2025. Overall, Concentrix Corporation has maintained a relatively stable receivables turnover ratio, which suggests that the company has been effectively managing its accounts receivable and collecting outstanding payments in a timely manner.
Peer comparison
Feb 28, 2025