Concentrix Corporation (CNXC)
Return on assets (ROA)
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 313,842 | 435,049 | 405,577 |
| Total assets | US$ in thousands | 12,491,800 | 6,669,770 | 5,046,370 |
| ROA | 2.51% | 6.52% | 8.04% |
November 30, 2023 calculation
ROA = Net income ÷ Total assets
= $313,842K ÷ $12,491,800K
= 2.51%
Concentrix Corp.'s return on assets (ROA) has exhibited fluctuations over the past five years. The ROA decreased from 7.92% in 2021 to 3.18% in 2020, followed by an increase to 6.42% in 2022, and subsequently a decrease to 2.46% in 2023. This pattern indicates volatility in the company's ability to generate profits relative to its total assets. The significant decrease in ROA from 2022 to 2023 is a cause for concern, suggesting a potential decline in the company's overall asset utilization and profitability. Further analysis of the company's financial performance and operational efficiency is warranted to understand the factors contributing to these fluctuations in ROA.
Peer comparison
Nov 30, 2023