Concentrix Corporation (CNXC)

Gross profit margin

		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	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	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		36.20%	36.23%	35.99%	35.87%	35.80%	35.69%	35.50%	35.15%	35.04%	35.25%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,853,303K ÷ $7,881,050K
= 36.20%

The gross profit margin of Concentrix Corporation has remained relatively stable over the period from November 2021 to February 2024, ranging between 35.04% and 36.23%. This indicates that the company has been able to maintain a consistent level of profitability on its sales after accounting for the cost of goods sold. Fluctuations within this narrow range suggest that Concentrix has effectively managed its cost of goods and pricing strategies to sustain its gross profit margin. Overall, the company's gross profit margin appears to be healthy and stable, reflecting a balanced approach to managing its cost structure and pricing strategies.