Concentrix Corporation (CNXC)

Return on total capital

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	621,102	661,327	671,549	554,746	302,657
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	4,039,720	4,143,290	2,695,900	2,620,260	2,302,080
Return on total capital		15.37%	15.96%	24.91%	21.17%	13.15%

November 30, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $621,102K ÷ ($—K + $4,039,720K)
= 15.37%

Concentrix Corporation's return on total capital has shown an improving trend over the past five years. In November 2020, the return on total capital stood at 13.15%, which increased to 21.17% by November 2021. Subsequently, there was a significant jump to 24.91% in November 2022, indicating a strong performance in utilizing its total capital effectively. However, there was a slight decline in the return on total capital to 15.96% in November 2023 and further to 15.37% in November 2024.

Overall, Concentrix Corporation has generally demonstrated a solid ability to generate returns relative to the total capital employed in its operations. The peak in 2022 suggests efficient capital allocation and operational effectiveness, although the slight decline in later years may warrant further investigation into the underlying factors impacting the return on total capital.