Concentrix Corporation (CNXC)

Net 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
Net income (ttm)	US$ in thousands	278,074	313,842	349,299	378,354	412,646	435,049	454,213	457,277	427,039	405,577
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
Net profit margin		3.53%	4.41%	5.35%	5.85%	6.42%	6.88%	7.39%	7.66%	7.40%	7.26%

February 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $278,074K ÷ $7,881,050K
= 3.53%

Concentrix Corporation's net profit margin has experienced a gradual decline over the past few quarters, decreasing from 7.26% in November 2021 to 3.53% in February 2024. This downward trend may indicate challenges in maintaining profitability and controlling costs. The company's profitability peaked at 7.66% in May 2022 but has since been on a downward trajectory. Management should closely monitor and address factors impacting the company's profit margins to ensure sustainable financial performance in the future.