Concentrix Corporation (CNXC)

Pretax margin

		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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	362,709	408,228	493,687	535,807	576,430	604,412	596,762	600,206	578,638	555,696
Revenue (ttm)	US$ in thousands	7,881,050	7,114,700	6,524,660	6,471,430	6,424,820	6,324,470	6,150,360	5,968,010	5,769,790	5,587,020
Pretax margin		4.60%	5.74%	7.57%	8.28%	8.97%	9.56%	9.70%	10.06%	10.03%	9.95%

February 29, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $362,709K ÷ $7,881,050K
= 4.60%

Concentrix Corporation's pretax margin has shown a declining trend over the past 10 quarters. The pretax margin decreased from 9.95% in November 2021 to 4.60% in February 2024. This indicates that the company's profitability before accounting for taxes has been decreasing over time. It is important for Concentrix Corporation to investigate the reasons behind this declining trend and take necessary steps to improve its profitability in the future.