Concentrix Corporation (CNXC)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	4,101,640	4,143,290	2,903,520	2,854,260	2,800,500	2,695,900	2,646,630	2,723,940	2,732,000	2,620,260	2,565,760	2,529,770	2,389,280
ROE		6.78%	7.57%	12.03%	13.26%	14.73%	16.14%	17.16%	16.79%	15.63%	15.48%

February 29, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $278,074K ÷ $4,101,640K
= 6.78%

Concentrix Corporation's return on equity (ROE) has exhibited a decreasing trend over the most recent financial periods. The ROE declined from 15.48% in November 2021 to 6.78% by February 2024. This indicates that the company's ability to generate profits from shareholders' equity has weakened over time. The ROE values fluctuated between 6.78% and 17.16% during the period under review but generally showed a downward trajectory. It is essential for Concentrix Corporation to closely examine the factors contributing to this decline in ROE and take necessary measures to improve its profitability relative to shareholders' equity.