Concentrix Corporation (CNXC)
Pretax margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 408,228 | 604,412 | 555,696 |
| Revenue | US$ in thousands | 7,114,710 | 6,324,470 | 5,587,020 |
| Pretax margin | 5.74% | 9.56% | 9.95% |
November 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $408,228K ÷ $7,114,710K
= 5.74%
The pretax margin of Concentrix Corp. has fluctuated over the past five years, indicating variability in the company's ability to generate profits before accounting for taxes. In 2019, the pretax margin was 4.34%, reflecting relatively lower profitability. However, in the following year, there was an increase to 5.68%, suggesting improved profitability. Subsequently, in 2021, the pretax margin rose further to 9.95%, indicating a significant upturn in profitability. However, this positive trend was not sustained, as the pretax margin declined to 9.57% in 2022 and further to 5.74% in 2023. This declining trend in the last two years might signal a potential challenge in sustaining profitability, and it is important for stakeholders to monitor the company's performance closely.
Peer comparison
Nov 30, 2023