Concentrix Corporation (CNXC)

Pretax margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	299,274	408,228	605,003	555,696	267,895
Revenue	US$ in thousands	9,618,900	7,114,710	6,324,470	5,587,020	4,719,530
Pretax margin		3.11%	5.74%	9.57%	9.95%	5.68%

November 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $299,274K ÷ $9,618,900K
= 3.11%

The pretax margin of Concentrix Corporation has shown fluctuating trends over the past five years based on the provided data. In November 2020, the pretax margin stood at 5.68%, indicating that the company retained 5.68% of its revenue before accounting for taxes and other expenses. Over the next year, there was a notable improvement as the pretax margin increased to 9.95% in November 2021, suggesting more effective cost management or increased revenue generation.

In November 2022, the pretax margin slightly decreased to 9.57%, still maintaining a relatively healthy level compared to the base year. However, in November 2023, there was a notable decline in the pretax margin to 5.74%, which may indicate challenges or inefficiencies impacting the company's profitability during that period.

The most significant decrease in the pretax margin was observed in November 2024, dropping to 3.11%. This substantial decline could be a cause for concern, as it indicates a significant decrease in the company's ability to generate profit before taxes relative to its revenue.

Overall, Concentrix Corporation's pretax margin has shown variations over the years, reflecting changes in its operational efficiency, cost structure, and revenue dynamics. It is essential for the company to closely monitor and address factors affecting its pretax margin to ensure sustainable profitability and financial health.