Concentrix Corporation (CNXC)

Operating profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Operating income	US$ in thousands	661,327	640,192	572,397
Revenue	US$ in thousands	7,114,710	6,324,470	5,587,020
Operating profit margin		9.30%	10.12%	10.25%

November 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $661,327K ÷ $7,114,710K
= 9.30%

Concentrix Corp.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin stands at 9.30%, a slight decrease from the prior year's 10.12%. Despite this drop, it is still higher than the margins recorded in 2020 and 2019, which were 6.54% and 6.25% respectively. The company's operating profit margin peaked in 2021 at 10.25%. It appears that there has been some volatility in the operating profit margin, which may warrant further investigation into the company's cost structure, pricing strategies, and efficiency of operations.