Concentrix Corporation (CNXC)
Total asset 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 |
| Total assets | US$ in thousands | 11,895,100 | 11,991,400 | 12,207,600 | 12,078,800 | 12,242,900 | 12,491,800 | 8,449,540 | 6,560,000 | 6,623,070 | 6,669,770 | 6,749,870 | 6,612,650 | 6,716,790 | 5,046,370 | 5,009,440 | 5,102,240 | 5,120,850 | 5,177,560 | 5,119,390 | 4,955,480 |
| Total asset turnover | 0.81 | 0.80 | 0.77 | 0.72 | 0.64 | 0.57 | 0.77 | 0.99 | 0.97 | 0.95 | 0.91 | 0.90 | 0.86 | 1.11 | 1.08 | 1.02 | 0.95 | 0.91 | 0.90 | 0.93 |
February 28, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,588,370K ÷ $11,895,100K
= 0.81
Concentrix Corporation's total asset turnover, a key financial ratio that measures the efficiency of the company's asset utilization in generating sales, has fluctuated over the given period. Starting at 1.11 in November 2021, the ratio gradually decreased to 0.86 in February 2022. It showed some improvement in the following months, reaching 0.95 by November 2022.
However, from February 2023 onwards, the total asset turnover ratio experienced fluctuations without a clear upward trend. It peaked at 0.99 in May 2023 but dropped significantly to 0.57 by November 2023, indicating a potential decline in asset efficiency.
Subsequent quarters saw some recovery, with the ratio climbing back up to 0.80 by February 2025. Overall, the trend suggests variability in Concentrix Corporation's ability to generate sales relative to its total assets, indicating potential challenges in optimizing asset utilization for revenue generation. Further analysis of the company's asset management strategies and operational efficiency may be warranted to address these fluctuations.
Peer comparison
Feb 28, 2025