Concentrix Corporation (CNXC)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 653,719 661,327 658,870 654,148 648,494 640,192 620,107 613,941 585,253 572,397
Long-term debt US$ in thousands 5,034,110 4,939,710 3,973,470 2,130,960 2,220,210 2,224,290 2,401,100 2,197,880 2,266,650 802,017
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
Return on total capital 7.16% 7.28% 9.58% 13.12% 12.92% 13.01% 12.28% 12.47% 11.71% 16.73%

February 29, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $653,719K ÷ ($5,034,110K + $4,101,640K)
= 7.16%

Concentrix Corporation's return on total capital has shown some fluctuations over the past several reporting periods. The returns have ranged from a low of 7.16% in February 2024 to a high of 16.73% in November 2021. This indicates a degree of variability in the company's ability to generate returns on the capital invested in its operations.

The trend in return on total capital for Concentrix Corporation appears to have been generally positive from August 2021 to May 2023, with returns consistently above 10%. However, there was a slight decline in returns in the most recent periods, with the figures ranging between 7.16% and 9.58%.

Overall, the company's return on total capital has shown some level of volatility, potentially influenced by changes in the company's capital structure, profitability, or efficiency in utilizing its capital resources. Further analysis of the underlying factors driving these variations would be necessary to fully understand the dynamics of Concentrix Corporation's performance in generating returns on its total capital.