Concentrix Corporation (CNXC)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 17.79 | — | — | — | — | — | — | — | — | — | 9.05 | — | — | 0.46 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.05 | 0.00 | 0.00 | 0.46 | 0.00 |
February 28, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle is an important metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
Analyzing the cash conversion cycle data provided for Concentrix Corporation from November 30, 2021, to February 28, 2025, we observe fluctuations over time. The cycle started at 65.86 days on November 2021 and reached its peak of 95.10 days on November 2023 before trending downwards to 67.62 days by February 2025.
A longer cash conversion cycle indicates that Concentrix takes more time to turn its investments into cash, which may strain its liquidity and working capital management. Conversely, a shorter cycle implies efficient working capital management and faster cash turnover.
It is crucial for Concentrix to monitor and manage its cash conversion cycle effectively to optimize cash flow, reduce working capital requirements, and enhance overall financial performance. Fluctuations in the cycle should be carefully analyzed to identify underlying reasons and take appropriate corrective actions to ensure healthy liquidity and operational efficiency.
Peer comparison
Feb 28, 2025