Concentrix Corporation (CNXC)
Cash conversion cycle
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 17.79 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 17.79 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Concentrix Corporation has been consistently low for the financial years ending on November 30, 2020, November 30, 2021, and November 30, 2022, all registering at 0.00 days. This indicates that the company efficiently manages its working capital and can quickly convert its inventory and receivables into cash.
However, there was a notable increase in the cash conversion cycle for the year ending November 30, 2023, which stood at 17.79 days. This suggests a temporary slowdown in the company's ability to convert its goods or services into cash during that period.
Subsequently, for the financial year ending on November 30, 2024, the cash conversion cycle reverted to 0.00 days, indicating a return to the previous efficient working capital management seen in the earlier years.
Overall, Concentrix Corporation has generally demonstrated effectiveness in managing its cash conversion cycle, with occasional fluctuations that may warrant further investigation to ensure consistent operational efficiency.
Peer comparison
Nov 30, 2024