Concentrix (Concentrix) Days Payable : 13.16 (As of Feb. 2024)

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What is Concentrix Days Payable?

Concentrix's average Accounts Payable for the three months ended in Feb. 2024 was $223 Mil. Concentrix's Cost of Goods Sold for the three months ended in Feb. 2024 was $1,546 Mil. Hence, Concentrix's Days Payable for the three months ended in Feb. 2024 was 13.16.

The historical rank and industry rank for Concentrix's Days Payable or its related term are showing as below:

CNXC' s Days Payable Range Over the Past 10 Years
Min: 9.4 Med: 13.33 Max: 16.28
Current: 12.69

During the past 7 years, Concentrix's highest Days Payable was 16.28. The lowest was 9.40. And the median was 13.33.

CNXC's Days Payable is ranked worse than
88.87% of 2525 companies
in the Software industry
Industry Median: 50.65 vs CNXC: 12.69

Concentrix's Days Payable increased from Feb. 2023 (13.09) to Feb. 2024 (13.16). It may suggest that Concentrix delayed paying its suppliers.

Concentrix Days Payable Historical Data

The historical data trend for Concentrix's Days Payable 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 Days Payable Chart

Concentrix Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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9.40

14.72

13.62

13.04

16.28

Concentrix Quarterly Data
	Nov18	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															13.09	12.81	12.57	12.35	13.16

Competitive Comparison of Concentrix's Days Payable

For the Information Technology Services subindustry, Concentrix's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Concentrix's Days Payable distribution charts can be found below:

* The bar in red indicates where Concentrix's Days Payable falls into.

Concentrix Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Concentrix's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (161.19	+	243.565)	/	2 )	/	4536.771	*	365
=	202.3775					/	4536.771	*	365
=	16.28

Concentrix's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (243.565	+	202.362)	/	2 )	/	1546.219	*	365 / 4
=	222.9635					/	1546.219	*	365 / 4
=	13.16

Concentrix Days Payable Related Terms

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Concentrix (Concentrix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (NAS:CNXC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CO8:Germany

Address

39899 Balentine Drive, 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 solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.

Executives

Jane Fogarty	officer: EVP, Legal	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Dennis Polk	director	44201 NOBEL DRIVE, FREMONT CA 94538
Christopher A Caldwell	director, officer: President and CEO	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
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
Kathryn Hayley	director	C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601
Twomey Cormac J	officer: EVP, Global Ops & Delivery	201 EAST FOURTH STREET, CONVERGYS CORPORATION, CINCINNATI OH 45202
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