Concentrix Corporation (CNXC)
Net profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 313,842 | 435,049 | 405,577 |
| Revenue | US$ in thousands | 7,114,710 | 6,324,470 | 5,587,020 |
| Net profit margin | 4.41% | 6.88% | 7.26% |
November 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $313,842K ÷ $7,114,710K
= 4.41%
Concentrix Corp.'s net profit margin has exhibited fluctuations over the past five years, indicating varying levels of profitability. The net profit margin for the fiscal year ending November 30, 2023, stood at 4.33%, representing a decrease from the previous year's margin of 6.77%. This decline suggests a reduction in the proportion of revenue that translates into bottom-line profit. However, it is worth noting that the 2023 margin remains higher than that of 2019 and 2020, indicating improved profitability compared to those years.
The trend in net profit margin suggests that Concentrix Corp. may have experienced challenges in maintaining consistent levels of profitability. Further analysis should be conducted to determine the factors contributing to the fluctuating margins and to assess the company's overall financial performance in conjunction with other relevant financial metrics.
Peer comparison
Nov 30, 2023