Concentrix Corporation (CNXC)

Operating return on assets (Operating ROA)

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 Aug 31, 2021 May 31, 2021 Feb 28, 2021
Operating income (ttm) US$ in thousands 653,719 661,327 658,870 654,148 648,494 640,192 620,107 613,941 585,253 572,397
Total assets US$ in thousands 12,242,900 12,491,800 8,449,540 6,560,000 6,623,070 6,669,770 6,749,870 6,612,650 6,716,790 5,046,370 5,009,440 5,102,240 5,120,850
Operating ROA 5.34% 5.29% 7.80% 9.97% 9.79% 9.60% 9.19% 9.28% 8.71% 11.34%

February 29, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $653,719K ÷ $12,242,900K
= 5.34%

Concentrix Corporation's operating return on assets (operating ROA) has shown fluctuations over the recent quarters. The operating ROA was relatively stable around the 9% range from August 31, 2021, to May 31, 2023, indicating consistent operational efficiency in generating profits relative to its assets during that period.

However, there was a noticeable decline in operating ROA from May 31, 2023, to Nov 30, 2023, where it dropped from 9.97% to 5.29%. This decline suggests a potential decrease in the company's ability to generate profits from its operations relative to its assets during that quarter.

The subsequent recovery in operating ROA to 5.34% by Feb 29, 2024, indicates a partial rebound in operational efficiency, but it still remains lower than the levels observed in the earlier quarters of the analyzed period.

Overall, the trend in Concentrix Corporation's operating ROA suggests some variability in the company's operational performance efficiency over the past year, with the need for further analysis to understand the factors driving these fluctuations and to assess the company's ability to maintain consistent profitability relative to its asset base in the future.


Peer comparison

Feb 29, 2024