An automaton with concurrency relations A is a labelled transition sys
tem with a collection of binary relations indicating when two actions
in a given state of the automaton can occur independently of each othe
r. The concurrency relations induce a natural equivalence relation for
finite computation sequences. We investigate two graph-theoretic repr
esentations of the equivalence classes of computation sequences and ob
tain that under suitable assumptions on A they are isomorphic. Further
more, the graphs are shown to carry a monoid operation reflecting prec
isely the composition of computations. This generalizes fundamental gr
aph-theoretical representation results due to Mazurkiewicz in trace th
eory.