Concentrix Corporation (CNXC)

Net profit margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Net income	US$ in thousands	251,217	313,842	435,049	405,577	164,811
Revenue	US$ in thousands	9,618,900	7,114,710	6,324,470	5,587,020	4,719,530
Net profit margin		2.61%	4.41%	6.88%	7.26%	3.49%

November 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $251,217K ÷ $9,618,900K
= 2.61%

Concentrix Corporation's net profit margin has shown fluctuations over the past five years. It increased from 3.49% in November 30, 2020, to 7.26% in November 30, 2021, indicating improved profitability. Subsequently, the net profit margin slightly decreased to 6.88% in November 30, 2022. However, there was a more significant decline to 4.41% in November 30, 2023, and a further decrease to 2.61% in November 30, 2024. These declining figures suggest that Concentrix Corporation's profitability has deteriorated in the most recent years, which may be attributed to various factors affecting their operational efficiency and cost management. Further analysis of the company's financial performance and strategic direction would be necessary to determine the underlying reasons for the decreasing trend in net profit margin.