Concentrix Corporation (CNXC)

Return on assets (ROA)

Feb 28, 2025 Aug 31, 2024 May 31, 2024 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
Net income (ttm) US$ in thousands 205,824 205,054 266,058 278,074 313,842 349,299 378,354 412,646 435,049 454,213 457,277 427,039 405,577
Total assets US$ in thousands 11,895,100 12,207,600 12,078,800 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
ROA 1.73% 1.68% 2.20% 2.27% 2.51% 4.13% 5.77% 6.23% 6.52% 6.73% 6.92% 6.36% 8.04%

February 28, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $205,824K ÷ $11,895,100K
= 1.73%

Concentrix Corporation's return on assets (ROA) has shown a declining trend over the period from November 30, 2021, to February 28, 2025. The ROA started at 8.04% in November 2021, decreasing to 6.36% by February 2022, and further declining to 1.73% by February 2025. This downward trend indicates that the company's ability to generate profits from its assets has been decreasing over time. It is important for Concentrix to closely monitor and analyze the factors contributing to this decline in order to make strategic decisions to improve its ROA and overall financial performance.