Concentrix Corporation (CNXC)

Return on assets (ROA)

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Net income	US$ in thousands	251,217	313,842	435,049	405,577	164,811
Total assets	US$ in thousands	11,991,400	12,491,800	6,669,770	5,046,370	5,177,560
ROA		2.09%	2.51%	6.52%	8.04%	3.18%

November 30, 2024 calculation

ROA = Net income ÷ Total assets
= $251,217K ÷ $11,991,400K
= 2.09%

Concentrix Corporation's return on assets (ROA) has shown fluctuations over the past five years. In November 2020, the ROA was at 3.18%, indicating that the company generated a profit of 3.18 cents for every dollar of assets it owns. By November 2021, the ROA improved significantly to 8.04%, suggesting a more efficient utilization of assets to generate profits. In 2022, the ROA decreased slightly to 6.52%, still reflecting strong profitability relative to asset base.

However, there was a notable decline in ROA to 2.51% in November 2023, indicating a decrease in the company's ability to generate earnings from its assets. This trend continued in November 2024, with the ROA further dropping to 2.09%. This decline may signal challenges in asset management or lower profitability compared to previous years.

Overall, Concentrix Corporation's ROA performance has been mixed, with fluctuations reflecting changes in asset efficiency and profitability levels over the years. Further analysis of the company's financial strategies and operational performance may provide insights into the factors influencing these fluctuations in ROA.