Concentrix Corporation (CNXC)

Return on equity (ROE)

Feb 28, 2025 Nov 30, 2024 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 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020
Net income (ttm) US$ in thousands 269,372 251,217 205,054 266,058 278,074 313,842 349,299 378,354 412,646 435,049 454,213 457,277 427,039 405,577 346,096 281,739 201,305 164,811 132,054 116,988
Total stockholders’ equity US$ in thousands 4,033,770 4,039,720 4,168,770 4,083,420 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 2,302,080 1,627,970 1,492,540
ROE 6.68% 6.22% 4.92% 6.52% 6.78% 7.57% 12.03% 13.26% 14.73% 16.14% 17.16% 16.79% 15.63% 15.48% 13.49% 11.14% 8.43% 7.16% 8.11% 7.84%

February 28, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $269,372K ÷ $4,033,770K
= 6.68%

Concentrix Corporation's return on equity (ROE) has shown a declining trend over the period from November 30, 2021, to February 28, 2025. The ROE started at 15.48% in November 2021, increased slightly to 15.63% by February 2022, and reached its peak of 17.16% by August 31, 2022. However, after August 2022, the ROE started decreasing consistently.

From November 2022 to February 2025, the ROE decreased from 16.14% to 5.10%. This downward trend indicates a decrease in the company's ability to generate profit from shareholders' equity over time. It is important to investigate the reasons behind this declining trend, as a low ROE may signal inefficiencies or challenges in the company's operations or financial management. Further analysis of Concentrix Corporation's financial performance and efficiency measures is recommended to understand the factors contributing to the declining ROE and to identify areas for improvement.