Concentrix Corporation (CNXC)
Total asset turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,618,900 | 7,114,710 | 6,324,470 | 5,587,020 | 4,719,530 |
| Total assets | US$ in thousands | 11,991,400 | 12,491,800 | 6,669,770 | 5,046,370 | 5,177,560 |
| Total asset turnover | 0.80 | 0.57 | 0.95 | 1.11 | 0.91 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,618,900K ÷ $11,991,400K
= 0.80
Concentrix Corporation's total asset turnover has shown fluctuations over the five-year period from November 30, 2020, to November 30, 2024. The ratio indicates how efficiently the company is generating revenue from its assets. In November 2020, the total asset turnover was 0.91, showing that the company generated $0.91 in revenue for every dollar of assets.
The ratio improved in the following years, reaching a peak of 1.11 in November 2021, which indicates that for every dollar of assets, the company generated $1.11 in revenue. This suggests an improvement in the company's efficiency in utilizing its assets to generate revenue.
However, the total asset turnover ratio declined in the subsequent years, dropping to 0.95 in November 2022, 0.57 in November 2023, and then recovering slightly to 0.80 in November 2024. These fluctuations may indicate changes in the company's operations, asset management, or revenue generation strategies.
Overall, the trend in Concentrix Corporation's total asset turnover suggests some volatility in the company's efficiency in utilizing its assets to generate revenue. Further analysis and monitoring of the company's operations and financial performance may be necessary to understand the underlying factors driving these fluctuations.
Peer comparison
Nov 30, 2024