Concentrix Corporation (CNXC)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 11,991,400 | 12,491,800 | 6,669,770 | 5,046,370 | 5,177,560 |
| Operating ROA | 4.97% | 5.29% | 5.48% | 5.98% | 0.77% |
November 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $596,387K ÷ $11,991,400K
= 4.97%
Concentrix Corporation's operating return on assets (Operating ROA) has shown a positive trend over the years.
In November 30, 2020, the Operating ROA was 0.77%, indicating that the company was able to generate a profit of 0.77 cents for every dollar of assets employed in operations.
Subsequently, in the following years, the Operating ROA improved significantly. By November 30, 2021, it increased to 5.98%, indicating a substantial improvement in the company's operational efficiency and profitability.
Although there was a slight decline in the Operating ROA to 5.48% in November 30, 2022, and further to 5.29% in November 30, 2023, the ratios remained relatively high, suggesting that Concentrix Corporation was effectively utilizing its assets to generate operating income.
However, by November 30, 2024, the Operating ROA decreased to 4.97%, indicating a slight decline in profitability compared to the previous year. It would be advisable for Concentrix Corporation to analyze the reasons behind this decrease and take necessary measures to improve operational efficiency and asset utilization in order to maintain or enhance its Operating ROA in the future.
Peer comparison
Nov 30, 2024