Concentrix Corporation (CNXC)

Gross profit margin

		Feb 28, 2025	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
Gross profit (ttm)	US$ in thousands	3,434,189	3,401,147	3,130,647	2,853,303	2,577,935	2,348,443	2,321,599	2,300,290	2,257,263	2,183,266	2,097,759	2,021,572	1,969,488
Revenue (ttm)	US$ in thousands	9,543,100	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
Gross profit margin		35.99%	36.18%	36.20%	36.20%	36.23%	35.99%	35.87%	35.80%	35.69%	35.50%	35.15%	35.04%	35.25%

February 28, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,434,189K ÷ $9,543,100K
= 35.99%

Concentrix Corporation's gross profit margin has shown a generally positive trend over the period from November 30, 2021, to February 28, 2025. The margin has exhibited slight fluctuations but has mostly been on an upward trajectory, indicating an improvement in the company's ability to generate profits from its core operations. From 35.25% in November 2021, the gross profit margin increased steadily to 36.23% by November 30, 2023, showing consistent growth.

However, there was a slight decrease in the margin to 36.20% by February 29, 2024, followed by a further slight decline to 36.18% by August 31, 2024. The margin then saw a more significant drop to 35.99% by February 28, 2025. This decrease may indicate potential challenges in managing costs or pricing pressures that impacted the company's profitability.

Overall, Concentrix Corporation has maintained a healthy gross profit margin above 35% for the most part of the period under review, which suggests efficient cost management and pricing strategies. However, the recent slight decline in the margin warrants further monitoring to assess the potential impact on the company's overall profitability in the future.