CNXC (Concentrix) Change In Receivables : $-88 Mil (TTM As of Aug. 2024)

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What is Concentrix Change In Receivables?

Concentrix's change in receivables for the quarter that ended in Aug. 2024 was $-57 Mil. It means Concentrix's Accounts Receivable increased by $57 Mil from May. 2024 to Aug. 2024 .

Concentrix's change in receivables for the fiscal year that ended in Nov. 2023 was $-46 Mil. It means Concentrix's Accounts Receivable increased by $46 Mil from Nov. 2022 to Nov. 2023 .

Concentrix's Accounts Receivable for the quarter that ended in Aug. 2024 was $1,042 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Concentrix's Days Sales Outstanding for the three months ended in Aug. 2024 was 39.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Concentrix's liquidation value for the three months ended in Aug. 2024 was $-7,011 Mil.

Concentrix Change In Receivables Historical Data

The historical data trend for Concentrix's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Concentrix Change In Receivables Chart

Concentrix Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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3.65

-124.09

-139.10

-53.13

-45.90

Concentrix Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Change In Receivables	Get a 7-Day Free Trial															10.42	-40.76	-44.89	53.92	-56.72

Concentrix Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-88 Mil.

Concentrix (NAS:CNXC) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Concentrix's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1041.961	/	2387.412	*	91
=	39.83

2. In Ben Graham's calculation of liquidation value, Concentrix's accounts receivable are only considered to be worth 75% of book value:

Concentrix's liquidation value for the quarter that ended in Aug. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	246.241	-	8038.832	+	0.75 * 1041.961	+	0.5 * 0
=	-7,011

Concentrix Change In Receivables Related Terms

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Concentrix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (NAS:CNXC) » Definitions » Change In Receivables

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Traded in Other Exchanges

CO8:Germany

Address

39899 Balentine Drive, Suite 235, Newark, CA, USA, 94560

Website

https://www.concentrix.com

Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end capabilities, including CX process optimization, technology innovation and design engineering, front- and back-office automation, analytics and business transformation services to clients in five primary industry verticals. The Company's verticals are technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, and healthcare. Geographically, the company operates in Philippines, Unites States, India, Canada, Germany, Great Britain and others.

Executives

Twomey Cormac J	officer: EVP, Global Ops & Delivery	201 EAST FOURTH STREET, CONVERGYS CORPORATION, CINCINNATI OH 45202
Christopher A Caldwell	director, officer: President and CEO	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Jane Fogarty	officer: EVP, Legal	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Kathryn Hayley	director	C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601
Dennis Polk	director	44201 NOBEL DRIVE, FREMONT CA 94538
Olivier Duha	director	39899 BALENTINE DRIVE, STE 235, NEWARK CA 94560
Vi Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Sapiens S.a R.l.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
Gbl Verwaltung S.a.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
V Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Nicolas Gheysens	director	C/O GBL VERWALTUNG S.A., 19-21, ROUTE D'ARLON, STRASSUN N4 L-8009
Bruxelles Lambert Groupe	10 percent owner	24 AVENUE MARNIX, BRUSSELS C9 1000
Peer Developments Ltd	10 percent owner	4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Matthew Miau	10 percent owner	44201 NOBEL DRIVE, FREMONT CA 94538
Silver Star Developments Ltd	10 percent owner	NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000