Concentrix Corporation (CNXC)
Gross profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,448,890 | 2,577,940 | 2,257,260 | 1,969,490 | 1,661,520 |
| Revenue | US$ in thousands | 9,618,900 | 7,114,710 | 6,324,470 | 5,587,020 | 4,719,530 |
| Gross profit margin | 35.86% | 36.23% | 35.69% | 35.25% | 35.21% |
November 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,448,890K ÷ $9,618,900K
= 35.86%
Concentrix Corporation's gross profit margin has shown a generally positive trend over the past five years. It increased from 35.21% in November 30, 2020, to 36.23% in November 30, 2023, representing a significant improvement. However, there was a slight decrease to 35.86% by November 30, 2024. Overall, Concentrix has maintained a gross profit margin above 35%, indicating efficient cost management and pricing strategies that have helped sustain healthy profitability levels. It is essential for the company to continue monitoring its cost structure and pricing mechanisms to ensure sustainable profitability in the future.
Peer comparison
Nov 30, 2024