Concentrix Corporation (CNXC)
Total asset turnover
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 7,114,710 | 6,324,470 | 5,587,020 |
| Total assets | US$ in thousands | 12,491,800 | 6,669,770 | 5,046,370 |
| Total asset turnover | 0.57 | 0.95 | 1.11 |
November 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,114,710K ÷ $12,491,800K
= 0.57
The total asset turnover of Concentrix Corp. has shown a declining trend over the past five years. In 2023, the total asset turnover ratio was 0.57, down from 0.95 in 2022 and 1.11 in 2021. This indicates a decrease in the company's ability to generate sales from its total assets. The declining trend suggests that the company may be experiencing inefficiencies in asset utilization or a decrease in sales relative to its total assets. Further analysis of the company's asset management and sales performance is warranted to determine the underlying factors contributing to this trend.
Peer comparison
Nov 30, 2023