Gross Margin % is calculated as gross profit divided by its revenue. Concentrix's Gross Profit for the
three
months ended in Nov. 2024 was $871 Mil. Concentrix's Revenue for the
three
months ended in Nov. 2024 was $2,448 Mil. Therefore, Concentrix's Gross Margin % for the quarter that ended in Nov. 2024 was 35.56%.
The historical rank and industry rank for Concentrix's Gross Margin % or its related term are showing as below:
CNXC'
s Gross Margin % Range Over the Past 10 Years
Min: 35.21 Med: 36.05 Max: 38.06
Current: 35.96
During the past 8 years, the highestGross Margin % of Concentrix was 38.06%. The lowest was 35.21%. And the median was 36.05%.
CNXC's Gross Margin % is ranked worse than 56.29% of 2606
companies
in the Software industry
Industry Median: 40.825
vs CNXC: 35.96
Concentrix had a gross margin of 35.56% for the quarter that ended in Nov. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Concentrix was -0.20% per year.
Concentrix Gross Margin % Historical Data
The historical data trend for Concentrix's Gross Margin % 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.
Competitive Comparison of Concentrix's Gross Margin %
For the Information Technology Services subindustry, Concentrix's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Concentrix's Gross Margin % Distribution in the Software Industry
For the Software industry and Technology sector, Concentrix's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Concentrix's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Concentrix (NAS:CNXC) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Concentrix had a gross margin of 35.56% for the quarter that ended in Nov. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Concentrix Gross Margin % Related Terms
Thank you for viewing the detailed overview of Concentrix's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 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, Frances and Others. Maximum revenue is from Technology and consumer electronics industry and geographically from Philippines.
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