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
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
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.