Concentrix Corporation (CNXC)
Return on assets (ROA)
| 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 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 278,074 | 313,842 | 349,299 | 378,354 | 412,646 | 435,049 | 454,213 | 457,277 | 427,039 | 405,577 | |||
| Total assets | US$ in thousands | 12,242,900 | 12,491,800 | 8,449,540 | 6,560,000 | 6,623,070 | 6,669,770 | 6,749,870 | 6,612,650 | 6,716,790 | 5,046,370 | 5,009,440 | 5,102,240 | 5,120,850 |
| ROA | 2.27% | 2.51% | 4.13% | 5.77% | 6.23% | 6.52% | 6.73% | 6.92% | 6.36% | 8.04% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $278,074K ÷ $12,242,900K
= 2.27%
Concentrix Corporation's return on assets (ROA) has shown a decreasing trend over the last few quarters, starting at 8.04% in November 2021 and declining to 2.27% in February 2024. The ROA peaked at 6.92% in August 2022 before gradually decreasing again. This decline could indicate potential inefficiencies in asset utilization or lower profitability relative to the size of the company's asset base.
It is important for Concentrix to closely monitor and address the factors contributing to this downward trend in ROA, as it represents the company's ability to generate profits from its assets. By improving operational efficiency, cost management, and revenue generation strategies, Concentrix may be able to enhance its ROA performance and overall financial health.
Peer comparison
Feb 29, 2024