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	Aug 31, 2021	May 31, 2021	Feb 28, 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	865,837	959,158	1,113,220
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
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.