Concentrix Corporation (CNXC)
Operating profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 596,387 | 661,327 | 365,542 | 301,567 | 39,642 |
| Revenue | US$ in thousands | 9,618,900 | 7,114,710 | 6,324,470 | 5,587,020 | 4,719,530 |
| Operating profit margin | 6.20% | 9.30% | 5.78% | 5.40% | 0.84% |
November 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $596,387K ÷ $9,618,900K
= 6.20%
Concentrix Corporation's operating profit margin has shown an increasing trend over the past five years, indicating improvements in the company's operational efficiency and profitability. The margin has grown from 0.84% as of November 30, 2020, to 6.20% by November 30, 2024. This upward trajectory suggests that Concentrix has been successful in managing its costs and generating higher revenues relative to its operating expenses. However, there was a slight decrease in the margin from 2023 to 2024, which could be a point of concern and may warrant further investigation into the company's cost structure and revenue generation strategies during that period. Overall, Concentrix's improving operating profit margin reflects positively on the company's financial performance and ability to drive profitability over the years.
Peer comparison
Nov 30, 2024